Which of the following best describes a command economy?
A) An economy that is characterized by barter trade of goods and services
B) An economy where strong controls are imposed by the ruling authority
C) An economy in which resources are allocated through the price mechanism.
D) An economy in which there are a few privately owned firms
B
Economics
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The M1 money supply
A) is calculated by subtracting M2 from GDP. B) does not include checking account deposits. C) is the narrowest measure of the nation's money supply. D) does not include travelers' checks.
Economics
List the various reasons that contributed to the financial crisis that occurred in 2008
Economics