A mixed capitalist economy is one in which
a. decisions are based primarily on religion or custom
b. all resources are publicly owned and economic planning is centralized
c. all resources are privately owned and prices are used to coordinate economic activity
d. resources are both publicly and privately owned and some markets are regulated
e. all resources are publicly owned and prices are used to coordinate economic activity
D
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When future labor income falls in a small open economy, it causes the current account to ________ and investment to ________
A) fall; rise B) rise; remain unchanged C) fall; remain unchanged D) rise; rise
The entrepreneur
A. runs his or her own business and risks his or her own money. B. does not necessarily run her or his own business nor risks her or his own money. C. runs his or her own business, but does not necessarily risk his or her own money. D. does not necessarily run her or his own business, but does risk her or his own money