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What Is One Way a Command Economy Affects The Lives Of Private Citizens?
A. Citizens Must Pay For Their Own Health Care. B. Citizens Have Limited Access To Education. C. Citizens Cannot Make Most Economic Decisions. D. Citizens Can Only Work In Factories Or On Farms. Correct Answer: C. Citizens Cannot Make Most Economic Decisions. A command economy is a system ...
ViewAn Extended Recessionary Period is Indicative of?
A. A growing economy. B. The end of a recession. C. Depression. D. The start of a recovery. Correct Answer: C. Depression. An extended recession means that a country's economy is in trouble for a prolonged period. This includes economic crises, bank failures, business bankruptcies, and high ...
ViewWhich Best describes What Injector Factors bring to an Economic System?
A. Imports B. Consumers C. Factors of production D. Money Correct Answer: D. Money Explaination: The government finances several initiatives, including social security and farm subsidies, which infuse money into the economy. The economic system benefits from injector elements, including ...
ViewWhat Restriction Would the Government Impose in a Closed Economy?
A. The government would prohibit trade with other nations. B. The government would set the prices for imported goods. C. The government would preserve traditional customs only. D. The government would prevent private ownership of property. Correct Answer: A. The government would prohibit trade ...
ViewWhich of the Following Will be Accomplished by Efficient Allocations of the Factors of Production?
A. Ensuring economic profitability. B. Understanding whether a product will fail. C. Fulfilling many needs and wants of society. D. Replenishment of limited resources. Correct Answer: C. Fulfilling many needs and wants of society. When resources are used wisely, it helps society get what it ...
ViewWhich of the Following Statements About Savings Accounts is False?
A. Savings accounts limit the number of withdrawls that can be made each month. B. Savings accounts don’t usually pay interest on the money you deposit. C. Savings accounts may require you to maintain a minimum balance to paying a fee. D. Savings accounts are best used to store money for ...
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