Which of the following most closely describes the economic system known as "The American System?"

Q: positive or normative.

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: which economic system did Ayn Rand claim was the best to support her theory?  a. socialism  b.…

A: Aye Rand was a writer and philosopher. She was born in Russia.

Q: Which of the following is NOT considered one of the three main types of economic systems? A)…

A: The economy system of a specific society means its institutional structure of the production,…

Q: What were the two economic zones of Europe by 1900, and what were their economic characteristics?…

A: Economic zones refer to geographic regions that share similar economic characteristics, such as…

Q: Please explain the following political economy terms (With example) - Economic Globalization

A: Globalization: It means the process by which people and goods move easily across borders.

Q: List and describe common institutional components that help us identify different types of economic…

A: Economic system: It refers to a system under which there is a relationship between production and…

Q: Explain the advantages and disadvantages of two of the three basic types of economic systems.

A: Economic system helps in understanding the economy better and enable the economist to predict the…

Q: Name two things about our current economic system you would like to change, and briefly explain why.

A: I believe that changing the tax code to benefit specific groups, such as small businesses,…

Q: Marx held that to understand the fundamental relationships of capitalism, one had to look at the…

A: Why one had to look at the sphere of production? As per Karl Marx version of economics, People…

Q: What is Neoclassicism in economics?

A: In economics, neoclassicism alludes to a school of thinking that created in the late nineteenth…

Q: Compare and contrast the various types of economic systems

A: An Economic System is any process which includes mechanisms for the manufacture, delivery, and trade…

Q: Explain how economic depression and imperialism are linked

A: When talking about economic depression, it is the fluctuations in the economic cycle in the long…

Q: Watch the following video clip about fair trade co-operatives in South America:…

A: International trade refers to the exchange of goods and services between countries or regions. It…

Q: question in fewer than 500 words: Please name 3 things about our current economic system you would…

A: The current economic scenario is ridden with a lot of defeciencies such as rising Unemployment,…

Q: Give an example of how free trade does not always produce “winners.”

A: Free trade refers to when there are no tariffs, quotas, or other restrictions when items and…

Q: Which of these economic systems have the most in common? A Free-enterprise economy and market…

A: This can be described as a form of market in which no single producer or consumer has the power to…

Q: Which of the following best describes Globalization? A shirt was made in Columbia but the cotton was…

A: Globalization is not good for domestic company because multinational companies product are…

Q: The difference between US free market/command economy in 1970 vs today?

A: The two essential parts of market economies are private responsibility for methods for creation and…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Economics refers to social science dealing with the generation, distribution, and the consumption of…

Q: The concept of _________ __________ was introduced by economist David Ricardo, and it posits that,…

A: David Ricardo introduced a new concept of international trade in 1817.  He said that trade will…

Q: 2. Based on the description of the four major economic systems (Capitalism, socialism, communism,…

A: Economic systems refer to the ways in which societies organize and allocate resources to satisfy…