Which of the following economic systems has a government control on its private companies? a. Capitalist economy b. Socialist economy c. Free market economy d. Mixed economy

Q: Cuba dictates and decides most of the economic decisions. Identify the type of economic system in…

A: A command economy is defined as an economy where the government or the central planners own and…

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Q: Which one of the choices is NOT a characteristic of a capitalist economy? a. Profit motive b.…

A: Capitalism is an economic system where all the economic activities are controlled by private…

Q: ) Explain in your own words what economic freedom is, and how it affects your quality of life?

A: Economics is a subject that deals with how to use resources that are limited and have alternative…

Q: If the resources in an economy is fully owned by the government, such economies are called_____. a.…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: 5. Cuba dictates and decides most of the economic decisions. Identify the type of economic system in…

A: The economic system depends on the various types of control over the resources and the economic…

Q: 19- If the government has  complete control over the ownership of factors production, their economy…

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Q: Understand the relationship of capitalism and popular culture

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Q: Equality

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Q: 3. Which is a characteristic of the free enterprise system? A. Most private property was held in…

A: Economic system drives the economic growth of the nation and explains how the economy works. It can…

Q: Macroeconomics is the branch of economics that studies________. a. the economy as a whole b.…

A: Macroeconomics is the study of the overall behavior of an economy. It is focused on gaining a better…

Q: Friedrich Hayek advocated for an economic system based on: O A. sharing the profits from all…

A: Friedrich Hayek was primarily known for his contribution to the field of political psychology and…

Q: There is freedom of choice for the consumers in United States of America. Identify which type of…

A: There is freedom of choice for the consumers in the United States of America. Identify which type of…

Q: According to Adam Smith, how were changes in production at the pin factory an example of how…

A: Capitalism is an economic system based on the private ownership of productive assets and their…

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A: Introduction A score of economic freedom compares various jurisdictions based on criteria including…

Q: 6- Which of the following is not found in a capitalist economy? a. Competition among enterprises b.…

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Q: Ayn Rand's definition of capitalism includes a free market where people trade goods that have value…

A: As per the given case please find the attached answer.

Q: 4. Which of the following is a more attractive place to do business? a. A nation that lacks…

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Q: 5. Economic decisions in a market economy One of the three basic coordination tasks an economy has…

A: Market economy is a system of economy in which price of goods and services are determined by supply…

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Q: If the government lowers income taxes on Americans in the top one percent of earners, while…

A: Lower income tax will increase disposable income which will increase working motivation. So the…