ibus_quiz6 - In free market economy if consumers signal to...

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In free market economy if consumers signal to producers that they are willing to pay higher prices than currently charged for pastry products, pastry producers will c. Generally tend to produce more pastry Question 2 Marks: 1 In a State-directed economy the government regulates various factors of production False Question 3 Marks: 1 The Mixed Economy as an economic ideal is supported by the ______________________ as a compromise between classic socialism and free-market capitalism. d. Social Democrats Question 4 Marks: 1 Which of the following best fits the description of a command economy: c. A Command economy is characterized by State-owned monopolistic firms Question 5 Marks: 1 Mixed economies include elements of both capitalism and socialism. Answer: True Question 6 Marks: 1 In a Command economy ______ has the final authority to take decisions regarding production, utilization of the finished industrial products and the allocation of the revenues earned from their distribution.
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This note was uploaded on 10/26/2011 for the course IBUS 330 taught by Professor Nicholson during the Fall '07 term at S.F. State.

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ibus_quiz6 - In free market economy if consumers signal to...

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