The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of:

Proponents of the estate and gift tax argue that the tax is necessary because

A) it generates a large portion of total federal revenue. B) it prevents "unfair" accumulation of wealth across generations. C) it is the primary source of funding for Medicare and Medicaid. D) it is only applied to items that have not previously been taxed.

The economic system in which the basic economic questions are answered through markets with some government intervention is a:

A. command economy. B. mixed economy. C. market economy. D. planned economy.