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If the resources in an economy is fully owned by the government, such economies are called_____. a. Command economy b. Capitalist economy c. Economic system d. Mixed economy

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 1P

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If the resources in an economy is fully owned by the government, such economies are called_____.

Command economy

Capitalist economy

Economic system

Mixed economy

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