ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Aaliya owns an ice cream shop where she can make all business
decisions. She often changes the flavours of her ice cream
depending on customer feedback and sales figures. This scenario
best describes which of the following economic system?
a. Command
O b. Capitalist
Oc. Socialist
O d. Planned
A normative statement often involves:
O a. Opinions
O b. Numbers
Oc. Facts
O d. Statistics
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Transcribed Image Text:Aaliya owns an ice cream shop where she can make all business decisions. She often changes the flavours of her ice cream depending on customer feedback and sales figures. This scenario best describes which of the following economic system? a. Command O b. Capitalist Oc. Socialist O d. Planned A normative statement often involves: O a. Opinions O b. Numbers Oc. Facts O d. Statistics
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