The U.S. economic system is: O A command system A command and market mechanisms Based upon religious principles O A market system

Q: What do you call the man-made resources used in the production of goods and services? Oa land Ob.…

A: The use of natural objects to build anything innovative that offers our life with usefulness and…

Q: An economic system that relies upon some central authority to make economic decisions would be O a.…

A: In a command system,a central government plans, then organizes and in turn controls all of the…

Q: Explain characteristic of following  economic system: Free market economy

A: Meaning of Free Market Economy: The term free-market economy is the situation under which there…

Q: The market system results in O efficiency O an increased standard of living O All of these result…

A: The market system is the system where the product prices are decided by the demand and supply and…

Q: Which one of the following best demonstrates the principles of free markets economics? O A lumber…

A: The free market is an economic system that is based on supply and demand and has little or no…

Q: What are the three types of economic systems in internaional market? What criteria can we use to…

A: Economics deals with the supply and demand of resources. According to Adam Smith, the father of…

Q: Please help. Explain each Theory of mercantilism Adam Smith’s Laissez-Faire Theory Karx Marx’s…

A: Theory of Mercantilism :  The Mercantilist maintained provided that the way from which any nation…

Q: is defined as an economic system based on the market in which the onwership of the means of…

A: There are many types of economic systems like capitalist, socialist and mixed economy.  A capitalist…

Q: Which one of the following helped the transformation of none-market economy to market economy a.…

A: Market Economy is the place where the economic decisions are made by following an economic system…

Q: Which of the following statements about self-interest in a market system is false? In a market…

A: Self interest is one of the core fundamentals on which market system operates.

Q: QUESTION 21 Market, command, and mixed are all forms of A Market theories B Basic economic…

A: Maeket,mixed and command are all forms of Economic systems

Q: In a market economy. O a. economic output shrinks as we discover better ways of doing things. O b.a…

A: Option A is correct

Q: In a market economy, economic activity is guided by Select one: Oa. the government Ob. prices O c.…

A: Economics: It deals with market study and effects due to which there is a change in the rates of…

Q: Kenya is developing a strong market economy. Which best describes this? (37a,1) O A. A system of…

A: Various types of economies have emerged like the market or capitalist  economy, socialist economy,…

Q: Explain characteristic of following  economic system   Free market economy   Command economic system

A: The study of economics deals with the allocation of resources in a manner that most of the human…

Q: why the lack of well-defined and enforceable property rights is detrimental to the smooth…

A: Property rights is legal ownership and theory of resources telling how the resources can be used.…

Q: Which of the following is not a typical characteristic of a market system? A Freedom of Choice B…

A: The market is a location where the transaction of services and commodities takes place.

Q: In Marx’s theorizing, what is the relationship between profit and surplus-value?

A: Marx's theory focuses on the impact of capitalist system on the labour, productivity and the firms.…

Q: A leader of the Labour Party in the United Kingdom, Jeremy Corbyn, proposes the creation of a…

A: A proposal of national education service as a universal will be great for those who can't afford the…

Q: Cape Town and Durban were first developed in the 17th and 18th centuries as trading posts on the…

A: Given: The example of Cape Town and Durban will be explained below:

Q: Suppose that there is sudden new trend for high school students all over the Philippines to ride…

A: The demand for a good is what people want to buy, and what is affordable for them. The goods, and…

Q: List the characteristics of the four different types of market structures and give an example of…

A: Answer: Market structure can be divided majorly into four categories, it includes, perfect market,…

Q: The branch of economics that assesses how efficienty and equitably an economy allocates its scarce…

A: The overall scarcity of the resources arises only and when the certain given resources or means to…

Q: Which of the following is not a typical characteristic of a market system? Multiple Choice a. profit…

A: A market economy refers to the type of economic system where demand and supply control the economy,…

Q: Based on Marx's equation to calculate the rate of exploitation, what is the condition when…

A: According to Karl Marx, firms generally try to get maximum output from the labor and provide them…

Q: What aspects & principles characteristic of non-market systems are important in our market economy?

A: A non-market system is an administered price system in which the prices of properties are set by an…

Q: In the third division of labor during the upper barbarism appear: a) farmers and herdsmen…

A: The separation of a various work process into a number of jobs, each of them is done by a specific…

Q: How does a pure command economy answer the basic question of which goods and services should be…

A: When talking about the types of economies, it can be seen that there are different economic systems…

Q: Which of the following is not a typical characteristic of a market system? technological advance…

A: A market system is a place where there is buying and selling of goods and services. In other words,…

Q: Another name for a market economy is O the law of demand. O the law of supply. comparative…

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: Which of the following economic system represents an egalitarian society? O a. Capitalist economy O…

A: Hi, thanks you the question. Since there are multiple questions posted, we will answer first…

Q: Aristotle made a key distinction between what he called 'natural' and 'un-natural' exchange. For…

A: According to the philosopher Aristotle, a menage depends on exchange to provide necessities so that…

Q: Which of the following theories was first developed by Karl Marx? O Democratic Theory O Conflict…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Constrast the essential features of a market economy with those of a planned or command economy ?

A: Answer- Difference between market economy & planned or command economy  Market economy :- Market…

Q: he industries in South Africa, such as housing and healthcare, are controlled by the government.…

A: The conclusions that can be drawn about the South African economy based on the given information is…

Q: Explain characteristic of following  economic system: Command economic system

A: The economic system would depend on the power and functions on the various economic agents involved…

Q: Though certainly on the market end of the spectrum, the presence of institutions such as social…

A: Answer (1). Though the economy of the U.S. is on the market end of the spectrum there is also the…

Q: Free markets coordinate economic activity in such a way a unemployment. O True O False

A: In open markets, a financial market can emerge to meet the requirements of those who are unable or…

Q: Ayn Rand's definition of capitalism includes a free market where people trade goods that have value…

A: As per the given case please find the attached answer.

Q: what is Adam's smith theory on The Invisible hand of a Market Economy

A: In economics, Adam Smith gave his significant contribution to understand the concept of market and…

Q: Butore staring in Guardans of the Galary, Chris Prat had appeared in 11 movies that grossed an…

A: Opportunity cost is the next best alternative forgone for selecting the current alternative. As…

Q: How do countries deal with the problem of wanting neither a pure market nor a pure command economy

A: Introduction pure market economy with the scarcity, the problem of what to produce, how to produce…

Q: What are the conditions that needs a perfect market abd what are the conditions that needs the…

A:

Q: A visiting American executive finds that a foreign subsidiary in Bangladesh has hired a 12-year-old…

A: Cultural Relativist  cultural relativism stands for not judging society, situations, and things with…

Q: The major virtues of the market system include all of the following, except: a) It provides…

A: We will answer the first question since the exact one was not specified. Please submit a new…