If we were to examine the economic record of the former Soviet Union and China during the 1980s, we could reasonably conclude that
A. China was successful and the Soviet Union was not.
B. The Soviet Union was successful and China was not.
C. Both the Soviet Union and China were successful.
D. Neither China nor the Soviet Union were successful.
A. China was successful and the Soviet Union was not.
Economics
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If something is used as a medium of exchange, then a necessary condition is that it must be
a. a precious metal, such as gold or paper money b. convertible into gold c. used in barter exchange d. in abundant supply e. accepted by those using it as payment for any purchase
Economics
The total of all planned production for the economy is
A. aggregate supply. B. equal to the total value of unplanned production. C. endowments. D. aggregate demand.
Economics