What is the difference between a free market and a planned economy?
What will be an ideal response?
Countries have different types of economic systems. A free market economy is one in which resources are primarily owned and controlled by the private sector. In contrast, a planned economy is one in which economic decisions are planned by a central government. While no market is purely free market or planned, the U.S. and the U.K lean toward the free market system, while North Korea is more a planned economy.
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The amount paid when entering into an option contract.
(a) fair value hedge (b) option premium (c) time value (d) available-for-sale securities
Mr. and Mrs. Jones sold their home to a church but retained the right to occupy the property as long as they lived. The interest of the church is that of a:
a. life estate b. remainder estate c. trustee d. reversion estate