Under a communist system,



A. consumer decisions are not influenced by prices.
B. resources are owned and controlled by the government.
C. individual freedom is maximized.
D. the market guides resources, but the state dictates what should be produced.

B. resources are owned and controlled by the government.

Economics

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Contractionary monetary policy, achieved by selling bonds in the open market, tends to discourage investment.

a. true b. false

Economics

Consider the same monopoly situation as in the previous question. The monopoly price is

a. 8 b. 46 c. 54 d. 92

Economics