ost correct answer to the following questions/phrases. Only umber and the letter of your answer. nd Socialism are both examples of a economy. ed Market Open nomy various aspects of production are determined by supp ed Market Open unethical phenomenon that does not occur in planned econe grants development Monopolies Unemployment be nomy consumer demand is predictable and controllable.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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QUESTION 1
Choose the most correct answer to the following questions/phrases. Only
the question number and the letter of your answer.
1.1
1.1.1
Communism and Socialism are both examples of a
economy.
Planned
Market
C
Mixed
D
Оpen
1.1.2
In a
economy various aspects of production are determined by supp
demand.
A
Planned
Market
C
Mixed
D
Open
1.1.3
An unfair and unethical phenomenon that does not occur in planned econo
Social grants
Over-development
Monopolies
Unemployment be
A
B
D
1.1.4 In a
economy consumer demand is predictable and controllable.
Transcribed Image Text:QUESTION 1 Choose the most correct answer to the following questions/phrases. Only the question number and the letter of your answer. 1.1 1.1.1 Communism and Socialism are both examples of a economy. Planned Market C Mixed D Оpen 1.1.2 In a economy various aspects of production are determined by supp demand. A Planned Market C Mixed D Open 1.1.3 An unfair and unethical phenomenon that does not occur in planned econo Social grants Over-development Monopolies Unemployment be A B D 1.1.4 In a economy consumer demand is predictable and controllable.
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