ECON MICRO (with MindTap, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337408059
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 2, Problem 9P
To determine
The elements of command, market elements and traditional elements of the United States that describe it as a mixed economy.
Concept Introduction:
Economic system: It's a means by which government distribute its resources, trade, goods, and services among people.
Mixed economy: A mixed economy is an economic system in which government practices the command, traditional and market systems.
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QUESTION ONE “Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. In simple terms, globalisation is the catch-all term for the process by which items and people move across borders. From goods and services to money and technology, globalisation promotes and speeds up how we move and exchange things across the world.”In terms of the above statement, examine four (4) factors that has supported movement among countries and increased globalization.
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Chapter 2 Solutions
ECON MICRO (with MindTap, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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