An economic system based on complete freedom of trade and little, if any, government control is known as________. Group of answer choices communism capitalism socialism

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A: Karl Marx's historical materialism: Karl Marx theory was based on the expansion of the capitalist…

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A: Premature deindustrialization: It is an economic phenomenon wherein an economy that is in its growth…

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A: Capitalist Economy: A capitalist economy is synonymous with a market economy and is characterized by…

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Q: A mixed economy combines the best parts of which other types of political economy?

A: In this question, we are discussing the concept of a mixed economy and identifying the other types…

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Q: Problem Set #10 Consider a hypothetical small Island nation in which the only industry is weaving.…

A: The efficiency of work in the creation of products and services is measured by labor productivity.…

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A: “Since you have asked multiple questions, we will solve the first question for you. If you  want any…

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A: The ancient egyptians picture writting was called hieroglyphic writing

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A: Convergence: Convergence refers to the idea that poorer or less developed countries will, over time,…

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A: Comparative advantage refers to an ability of providing a product or service at a lower opportunity…

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A: Economic migrants refer to form a potentially large group that includes people entering a state to…

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A: The answer is given below

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Q: Question Progressive Era Reforms could easily be placed into what categories? (select all that…

A: Let's analyze each category in more detail: Regulation: In order to solve problems like corporate…