The private ownership of property and the use of the market system to direct and coordinate economic activity is most characteristic of:
a. a command economy.
b. a mixed economy

Which of the following would be likely to shift a nation's production possibilities curve outward?

a. a decrease in the production of capital goods b. an increase in the production of consumer goods c. an increase in the number of retired workers d. none of the above

Providing training for unemployed individuals is primarily intended to reduce

a. frictional unemployment. b. seasonal unemployment. c. structural unemployment. d. cyclical unemployment.