Which type of economy must answer the questions of what goods to produce, how to produce them, and for whom to produce them?
A. A centrally planned economy
B. A market-based economy
C. A developing economy
D. All types of economies must answer these questions.
Answer: D
Economics
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The price elasticity of demand along a linear demand curve is
A) more elastic at higher prices than at low prices. B) infinite. C) one. D) constant.
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Even when one country has an absolute advantage in all goods and another country has an absolute disadvantage in all goods, both countries can still benefit if they trade with each other
a. True b. False Indicate whether the statement is true or false
Economics