Which of the following refers to an economy which most economic decisions are made by the government and not by buyers and sellers who may be individuals or firms?         Financial Capital markets       Free markets         Command economies     Market-Oriented economies

Q: Representatives Waxman of California and Markey of Massachusetts proposed a law to limit greenhouse…

A: The American security act of 2009, if becomes law will limit greenhouse gases from electricity…

Q: Comment on the degree to which a market economy establishes liberty for individuals.  Using ideas…

A: The economies around the globe work upon the basic idea of the study of economics, where the…

Q: In a market economy, one of the following answers would not affect labor supply. Which one? Group of…

A: Labor supply shows different quantities of labor supplied at different wage levels

Q: The four factors of production that produce economic activity are ______. a. Corporations, small…

A: Factor of production refers to the inputs needed for the creation of commodity or services

Q: Discuss how policy variables, government spending and taxation, are used to influence economic…

A: A policy through which the government tends to adjusts its levels of spending and tax rates for…

Q: Laissez Faire The invisible hand metaphor is connected to Smith's belief in a laissez faire economy.…

A: The basic idea of economics is that the resources which the societies, and economies have with…

Q: Which of the following statements about free-market economies is FALSE? a. The government has a role…

A: Equilibrium in the free market is determined by the market forces of demand and supply.

Q: What are the Fundamental Problems Facing an Economy in any nation or society? Need five strong 5…

A: Answer: We can deduce the following essential challenges that the economy must address from the…

Q: market economy is regulated by the interaction between which two things    A.Goods and services…

A: A market is a platform where buyers and sellers interact to buy and sell goods and services.

Q: Market economies are primarily characterized by ________. A) restricted consumer powers.   B) heavy…

A: Market economy: - The market economy is an economy where the production and pricing decisions are…

Q: Microeconomics differs from macroeconomics in that microeconomics focuses on:     government…

A: Economics is the study of how people make choices in the situation of scarcity. The people make…

Q: 1. In Your Own Point of View.. Which is More Productive in the Three Sectors Of Production  and…

A: Primary sector is the most productive sector.

Q: In countries like ________________ the market-oriented economy dominates.       China and Japan…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: In a market, a producer uses various techniques to understand the purchasing behavior of the people…

Q: It is to provide certain public goods and services, undertake public investments, and regulate…

A: The state's investment in specific assets, whether through central or local governments, publicly…

Q: Goods and Services) EXPLAIN WHY public high school education would not be considered free for the…

A: Answer in step 2.

Q: In market economies, most decisions are made by ___, while in command economies, most economic…

A: In a market economy, there is no government intervention, the market forces determined the…

Q: Describe several ways that governments can foster entrepreneurship and encourage the creation of…

A: There are different ways in which the government can promote investment and facilitate wealth…

Q: Which of the following is not true about a mixed economic system?   a Some of the major resources…

A: A mixed economic system is secured from the amalgamation of a free-market and a command economy. It…

Q: It is clear that productive inefficiency is a waste since resources are used in a way that produces…

A: Allocative effeciency refers to an economic situation that is commonly found in the ideal…

Q: A traditional economic system which is simply explained as “producers consumers relationship” is…

A: The economics as a study is based upon the idea that the economies, or the societies around the…

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: Economics is the social science that studies the choices that individuals, businesses, governments,…

A: Scarcity: - it is very basic problem of economics which is related to the limited availability of…

Q: Suppose that Jacques, an economist from a university in Arizona, and Kyoko, an economist from a…

A: These views of economists are based on normative statement.

Q: How does neoliberalism differ from classical liberalism in its approach to economics? Group of…

A: Neoliberal proponents may use classical liberal logic to justify neoliberal policies. The…

Q: The government strengthens environmental regulation on manufacturing activities in the urban area to…

A: The government strengthens environmental regulation that means the government can put taxes for…

Q: Although it can sound complicated, nearly everything we do is related to the economy in some way.…

A: Economy  A complex system of linked trading, consumption, and production activities make up an…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

Q: Adam Smith is the thinker who is considered the founder of communism.  Group of answer choices True…

A: Communist economy: - it is that economic system where the major portion of resources in an economy…

Q: Unrest and economic underperformance haunt the emerging world At the start of the century,…

A: Unrest fueled by socioeconomic issues causes GDP reductions that are more severe than unrest…

Q: Black markets are found in the regulated economies. They arise due to lack of freedom in the…

A: Black market is a market where certain goods and services are sold with government permission to the…

Q: Most economies in the world are built in a way that both the government and the private sector make…

A: Different types of economic systems are: Capitalist economy: In a capitalist economy, items are…

Q: A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested…

A: Economics is a branch of social science that deals with the production, distribution, and…

Q: Which of the following statements accurately represent ideas proposed by Adam Smith?     a) the…

A: Adam Smith was an economist who is known as the Father of Economics. He wrote a book on Economics-…

Q: Unlike a market economy, a command economy: a. Consumer sovereignty to make production decisions b.…

A: Economy of a country includes all the economic activities that are undertaken in the country.

Q: Which of these statements does not apply to market economies? Select one: a. Prices influence how…

A: An economic system is referred to as a market economy. The interactions of a country's individual…

Q: How does underground economy function in comparison to legal economy? To answer this, explain, based…

A: The illegal activities or transactions of goods and services which are done without reporting to the…

Q: Question 4 of 10 A market economy is best described as an economy that: A. gives the government…

A: "An economic system include different systems used by businesses/governments to interact and to…

Q: Which one of the following is not likely to occur in a mixed economy? a. Means of productions are…

A: Which one of the following is not likely to occur in a mixed economy? The answer is - b. Total…

Q: Which of the following is not a way to the us government intervenes in the economy a. Minimum wage…

A: Certain public products and services are provided by the government because there is no market for…

Q: Within a laissez faire system, the government should only perform those activities that the private…

A: An economic that works on the concept of the free market mechanism is essentially a capitalist…

Q: An economic system is an ongoing process whereby people exchange material goods and personal…

A: Economic System: The economic system is defined as a system used by the government and societies to…

Q: The price system is sometimes criticized in that it a. results in allowing the rich get a…

A: Price system is market based and therefore depends on demand and supply.It requires minimum…

Q: Choose the one that is correct about capitalist economic system. a. Private ownership of factors of…

A: . The main features of capitalism are economic freedom, voluntary exchange, private property rights,…

Q: To what extent are free markets morally justified? In your answer, you may want to be clear about…

A: The markets are a distributive mechanism which would result in the allocation of the goods and…