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Questions and Answers
What type of economy involves individual and business interaction to solve economic problems?
What type of economy involves individual and business interaction to solve economic problems?
- Mixed economy
- Market economy (correct)
- Command economy
- Global economy
Which type of economy has the factors of production and distribution owned and managed by the state?
Which type of economy has the factors of production and distribution owned and managed by the state?
- Global economy
- Mixed economy
- Market economy
- Command economy (correct)
What is a key characteristic of the global economy where countries exchange goods and services across borders?
What is a key characteristic of the global economy where countries exchange goods and services across borders?
- Global supply chains
- International trade (correct)
- Foreign direct investment
- Multinational corporations
In which type of economy is there a combination of command and market systems of economic planning and decision making?
In which type of economy is there a combination of command and market systems of economic planning and decision making?
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Which feature of the global economy involves the establishment of intricate global production processes that span multiple countries?
Which feature of the global economy involves the establishment of intricate global production processes that span multiple countries?
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What plays a vital role in the global economy as countries engage in international trade and investment?
What plays a vital role in the global economy as countries engage in international trade and investment?
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