Government officials deciding the distribution of all resources is a feature of a
a. mixed economy
b. market economy
c. command economy
d. traditional economy
Ans: c. command economy
Economics
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Who among the following is the most likely to invest in human capital?
A) A person with a low rate of time preference B) A person with a high rate of time preference C) A person with no time preference D) None of the above.
Economics
Define horizontal and vertical equity and discuss the concepts with respect to legitimacy and usefulness
What will be an ideal response?
Economics