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Which of these is a correct description of one of the ways in which a command economy differs from a market economy?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
Which is an example of specialization?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
Which of these is TRUE about specialization in an economy?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
Embargoes Quotas Subsidies Tariffs Which would be a good title for this list?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
In a traditional economy, the decision to make (or not make) certain products is decided MOSTLY by
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
What is one explanation for Nigeria to have a mixed economy with strong command economy elements?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
Which statement BEST reflects the difference between tariffs and quotas?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
Which question is MOST LIKELY a fundamental economic question?
making a career choice
Obstacles to Free Trade
Who will get the goods and services produced?
Tariffs raise prices on imports, while quotas set limits on imports.
Nigeria's government had a long period of military dictatorship.
People make the goods that other people want.
custom
In a command economy, individuals have less economic freedom.
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