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Which of the following focuses on economic decision making by individuals, households, and businesses?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
Karl Marx is known as the father of what type of economy?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
Which of the following is the correct definition of economics?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
Which definition is for communism?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
What did Marx believe would happen to capitalism?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
Of the following countries, which is a capitalist nation?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
A mixed economy contains traits of what two types of economies?
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
An economy where a government controls and makes all economic decisions is a:
study of how people, individuals and in groups, choose to use their limited resources to satisfy their unlimited wants.
a form of complete socialism-in which the means of production would be owned by the people, no longer private property
Command and Market
United States
Marxism
Command economy
Microeconomics
It would destroy itself
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