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Author Question: ________ is the market value of final goods and services produced in a country in a given period of ... (Read 88 times)

anshika

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on: Jun 29, 2018
________ is the market value of final goods and services produced in a country in a given period of time?
 
  A) Gross national product
  B) Gross domestic product
  C) Net national product
  D) Net domestic product

Question 2

Which of the following statements is true?
 
  A) Command economies do a better job at maximizing social welfare in comparison to market economies.
  B) The incentive problem and the coordination problem lead to lower efficiency in market economies.
  C) Central planners in command economies have to make decisions that prices would have automatically made in market economies.
  D) Bringing economic agents together to trade is easier in command economies in comparison to market economies.


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tandmlomax84

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


anshika

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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