Consider two countries—A and B. Economy A is a command economy, while economy B is a market economy. Given this information, which of the following statements is likely to be true?

A) Both economies are likely to grow at the same rate.
B) Both economies are likely to stagnate without any increase in GDP.
C) Institutions in economy A are likely to be more inclusive than institutions in economy B.
D) Institutions in economy B are likely to be more inclusive than institutions in economy A.

C

Economics

You might also like to view...

What three effects can alter the aggregate demand curve?

What will be an ideal response?

Economics

The Laffer Curve only applies to income taxes

a. True b. False

Economics