A. Command economy
B. Closed economy
C. Open economy
D. None
Related Mcqs:
- An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?
A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy - The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?
A. Pure capitalism
B. Iaissez faire capital
C. Both
D. None - The total amount by the federal govt. of the owner of the govt. securities is called___________________?
A. Public debt
B. Public finance
C. Public good
D. None - A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?
A. Tradititional economics
B. Development economics
C. Political economics
D. None - A market in which products households sell and firms buy resources or the services of resources is__________________?
A. Resource market
B. Product market
C. Consumer market
D. Producer market - Activities of central bank designed to influence financial variables such as money supply and interest rates?
A. Fiscal policy
B. Economic policy
C. Monitory policy
D. None - The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?
A. Technology
B. Advanced knowledge
C. Both
D. None - An economic system in which traditions and customs determine how the economy would use its scare resources ?
A. Traditional economy
B. Mixed economy
C. capitalistic economy
D. Command economy - Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation - A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?
A. Co-operative
B. Partnership
C. Corporation
D. None
