QUESTION 1Choose the most correct answer to the following questions/phrases. Only write downthe question number and the letter of your answer.1.1economy.(1)1.1.1Communism and Socialism are both examples of aAPlannedMarketCMixedOpen1.1.2In aeconomy various aspects of production are determined by supply anddemand.(1)PlannedMarketMixedОpen1.1.3An unfair and unethical phenomenon that does not occur in planned economies.(1)Social grantsOver-developmentB.MonopoliesUnemployment benefits1.1.4In aeconomy consumer demand is predictable and controllable.(1)APlannedB.MarketMixedOpen1.1.5The flow of goods, services and knowledge over international borders.(1)ExpansionB.GlobalisationFree flowD.Customs[5]

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QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write do the question number and the letter of your answer. 1.1 1.1.1 Communism and Socialism are both examples of a economy. Planned B. Market Mixed D Оpen 1.1.2 In a demand. economy various aspects of production are determined by supply and A Planned Market C Mixed Open 1.1.3 An unfair and unethical phenomenon that does not occur in planned economies. Social grants Over-development B. Monopolies Unemployment benefits C D. 1.1.4 In a economy consumer demand is predictable and controllable. Planned B. Market Mixed Open 1.1.5 The flow of goods, services and knowledge over international borders. Expansion B. Globalisation Free flow D Customs

QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write do the question number and the letter of your answer. 1.1 1.1.1 Communism and Socialism are both examples of a economy. Planned B. Market Mixed D Оpen 1.1.2 In a demand. economy various aspects of production are determined by supply and A Planned Market C Mixed Open 1.1.3 An unfair and unethical phenomenon that does not occur in planned economies. Social grants Over-development B. Monopolies Unemployment benefits C D. 1.1.4 In a economy consumer demand is predictable and controllable. Planned B. Market Mixed Open 1.1.5 The flow of goods, services and knowledge over international borders. Expansion B. Globalisation Free flow D Customs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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