1. The advantages of using credit include a) access to more money than one has. b) immediate access to money. c) more money flows into the economy. d) all of the above.   2. In a command economy, the consumer(s) is/are a) private individuals. b) the family or community. c) the government. d) private corporations.   3. Which of the following countries have a mixed-market economy? a) China, North Korea, and Zaire b) Japan, United States, and Canada c) Aboriginal tribes of Australia d) All of the above

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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1. The advantages of using credit include

a) access to more money than one has.

b) immediate access to money.

c) more money flows into the economy.

d) all of the above.

 

2. In a command economy, the consumer(s) is/are

a) private individuals.

b) the family or community.

c) the government.

d) private corporations.

 

3. Which of the following countries have a mixed-market economy?

a) China, North Korea, and Zaire

b) Japan, United States, and Canada

c) Aboriginal tribes of Australia

d) All of the above

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