Introduction: Match each type of economic system to the phrase that best describes it. a. An economy with as little regulation as possible

b. An economy completely controlled by the government

c. An economy that allows free interaction

d. An economy that preserves old customs

1. Pure market economy
2. Mixed market economy
3. Traditional economy
4. Command economy

If you could match the number with the letter that would be great, thank you!

Why did friedrich hayek call expansionary spending dangerous? o he felt it could lower the money supply and cause deflation. o he felt it could lead to inflation and poor decisions by consumers. o he felt it could lead to deflation and poor decisions by consumers. o he felt it could lower available credit and cause a drop in prices.

Mike and his wife, amanda, are arguing about his in-laws. mike doesn’t want them to visit because they fight all the time when they come to the house and he is worried about the effect that their fighting is having on mike and amanda’s children. amanda finally yells out: “what about our fighting? ” mike replies, “well, that’s different. we fight because we’re having a disagreement, they fight because they hate each other! ” this is an example of

Latonya was just hired as an engineer for an electric company. she will make a salary of $50,000 a year. how much of latonya's salary will be taxed at the 10 percent rate? how much of latonya's salary will be taxed at the 28 percent rate? latonya was just hired as an engineer for an electric company. she will make a salary of $50,000 a year. how much of latonya's salary will be taxed at the 10 percent rate? how much of latonya's salary will be taxed at the 28 percent rate?