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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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