84. if an economy\'s factors of production were owned by the government sector a

Question

84. if an economy's factors of production were owned by the government sector and the coordinating activity was done by a government planning board, the economy would be called:
a) capitalism. b) market capitalism. c) command socialism. d) mixed capitalism.

86. Government's role of providing national defense is conisdered:
a) enforcing a legal sysytem. b) providing certain goods and services. c) redistributing income.
d) expanding economic growith.

120. Researchers demonstrate conclusively that drinking 4-6 ounches of ginger ale each day increases life expectancy by 3 years. What happens in the market for ginger ale? C?
a) the equilibrium price falls, and the equilibium quantity rises. b) the equilibrium price rises and the equilibrium quatity falls. c) the equilibrium price and quantity rise d) the equilibrium price and quantity fall

139. How a supply curve is sloped and located depends on: D?
a) technology. b) resource prices. c) the number of producers or sellers. d) all of the above.

Explanation / Answer

b) market capitalism d) expanding economic growth. d) the equilibrium price and quantity fall a) technology

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