e) there is no right answer.20. The behavior of each subject of economic relations is motivated by hispersonal, egoistic interests in the economic system:a) market economy;b) command economy;c) a mixed economy;d) traditional economy;e) all answers are correct.33uMM 19. The key factor in determining the model of the economic system is:a) political regime;b) the social structure of society;c) environmental conditions;d) the prevailing form of ownership;e) there is no right answer.

Market, command and mixed economy are type of economies.

19. The key factor in determining the model of the economic system is: a) political regime; b) the social structure of society; c) environmental conditions; d) the prevailing form of ownership3B e) there is no right answer.

19. The key factor in determining the model of the economic system is: a) political regime; b) the social structure of society; c) environmental conditions; d) the prevailing form of ownership3B e) there is no right answer.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 5QR

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e) there is no right answer.
20. The behavior of each subject of economic relations is motivated by his
personal, egoistic interests in the economic system:
a) market economy;
b) command economy;
c) a mixed economy;
d) traditional economy;
e) all answers are correct.
33uMM

19. The key factor in determining the model of the economic system is:
a) political regime;
b) the social structure of society;
c) environmental conditions;
d) the prevailing form of ownership;
e) there is no right answer.

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