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Author Question: 4. According to the text, the three major economic systems present in modern societies are a. ... (Read 134 times)

FButt

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on: Jul 2, 2018
4. According to the text, the three major economic systems present in modern societies are
 
  a. capitalism, socialism, and mixed economies.
  b. capitalism, communism, and mixed economies.
  c. capitalism, Marxism, and mixed economies.
  d. socialism, communism, and mixed economies.

Question 2

Which of the following best defines economy?
 
  a. the social institution through which power is acquired and exercised by certain individuals or groups
  b. the social institution that ensures that a society will be maintained through its production, distribution, and consumption of goods and services
  c. the independent workings and interests of political and economic systems
  d. the collection of people and organizations who serve as a watchdog to the American government


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macybarnes

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Reply #1 on: Jul 2, 2018
Answer to Question 1

Answer: a. capitalism, socialism, and mixed economies.

Answer to Question 2

Answer: c. the independent workings and interests of political and economic systems


FButt

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

Bigfoot1984

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

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