In market economies, most decisions are made by ___, while in command economies, most economic decisions are made by ___. Private citizens and firms; the government The government; households and firms Families, private businesses Households; local leaders

In market economies, most decisions are made by _, while in command economies, most economic decisions are made by _. Private citizens and firms; the government The government; households and firms Families, private businesses Households; local leaders

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section2.2: The Economist As Policy Adviser

Problem 2QQ

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In market economies, most decisions are made by ___, while in command economies, most economic decisions are made by ___.

Private citizens and firms; the government

The government; households and firms Families,

private businesses

Households; local leaders

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