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Economic Systems Quiz
5 Questions
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Economic Systems Quiz

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@AwestruckTrust

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Questions and Answers

Which of the following countries is the best example of a pure socialist economy?

  • Many countries in the world
  • Sweden (correct)
  • India
  • United States

    • According to a GlobeScan poll, which country's citizens showed the greatest support for the free market economy?

  • India (correct)
  • Many countries in the world
  • Sweden
  • United States

    • Which of the following best describes the economic system of the United States?

  • Mixed
  • Capitalist (correct)
  • Socialist
  • Communist

    • What is the likely result when the price of pizzas at 5-for-1 Pizza increases by $2.00?

    <p>Decrease in sales</p> Signup and view all the answers

    What is the term used to describe the point at which the quantity demanded is equal to the quantity supplied?

    <p>Equilibrium point</p> Signup and view all the answers

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