What is an advantage of a command economy?
a. basic services such as healthcare can be provided to all citizens
b. innovation and new ideas result in great wealth for entrepreneurs
c. starvation is impossible
d. the production of consumer goods is a top economic priority
Answer: a. basic services such as healthcare can be provided to all citizens
Economics
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a. how to start a business b. how to make money in stocks, bonds, and real estate c. choice under conditions of abundance d. choice under conditions of scarcity e. multinational business
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If a product constitutes a large portion of a consumer's income, demand will be more inelastic
a. True b. False Indicate whether the statement is true or false
Economics