A few Economics questions I couldnt get.?
A system in which decisions on production and consumption are based on voluntary exchange in markets is called a
traditional economy.
command economy.
market economy.
The production process for both types of goods involves planning, purchasing, quality control, and inventory control.
True
False
Historically, one of the economic goals of the United States has been to promote competition.
True
False
In early 19th century America, many states had laws that allowed private banks to print paper currency called dollars.
True
False
Answer:
Market
(not sure what "both" types of good are?)
True
True
The promotion of competition is true. This is why monopolies are frowned upon, they eat up all the competition and begin setting their own prices in the market. The others I'm not sure about - been about 7 years since my last economics class! Sorry.
Market Economy
Both types of goods, what do you mean? The production process for almost all products does usually involve all steps.
True
Absolutely true
market
T
T
Maybe
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: