With Regard to Various Economic Systems, Most Economists Agree That

question 44

Multiple Choice

With regard to various economic systems, most economists agree that

• A)most production and consumption decisions are more efficiently coordinated by markets than through central planning.
• B)the mix of market and command principles that exists in Canada is the best.
• C)command economies have been very successful in distributing income in socially just ways.
• D)the optimal mix of market and command systems remains constant over time.
• E)government intervention in the economy is only justified in time of war.

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Definitions:

Piagetian Tasks

Cognitive tasks used in psychological research to assess stages of development in children's understanding according to Jean Piaget’s theory.

Cognitive Performance

The ability of the brain to process information, solve problems, and make decisions.

General Cognitive Functioning

Refers to the overall efficiency of the brain's processes, including memory, perception, problem-solving, and language abilities.

School Engagement

The thoughts, behaviors, and emotions that children have about school and learning.