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Questions and Answers
Which of the following countries is the best example of a pure socialist economy?
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?
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?
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?
What is the likely result when the price of pizzas at 5-for-1 Pizza increases by $2.00?
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What is the term used to describe the point at which the quantity demanded is equal to the quantity supplied?
What is the term used to describe the point at which the quantity demanded is equal to the quantity supplied?
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