An economic system is the set of rules that define _______ and _______.
A) resources; prices
B) who gets to vote; when elections will be held
C) market prices; factors of production
D) how an economy's resources are to be owned; how decisions about the resources are to be made
Ans: D) how an economy's resources are to be owned; how decisions about the resources are to be made
Economics
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Expansionary fiscal policy uses ________ government spending and ________ taxes to increase aggregate economic activity
A) lower; lower B) higher; lower C) higher; higher D) lower; higher
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Property rights that protect inventions are called
A) trademarks. B) copyrights. C) patents. D) exclusive franchises.
Economics