Country a has an absolute command economy. country b has a mixed economy and a population that favors market trade. both want to increase trade to generate more wealth. which action would country b most likely take that country a would not?
a) impose stricter divisions of labor
b) increase production quotas
c) loosen certain trade regulation
d) permit limited private ventures

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle