An Economy with Both a Private and Public Sector Is

question 27

Multiple Choice

An economy with both a private and public sector is called:

• A)a mixed economy.
• B)a private economy.
• C)a command economy.
• D)none of the above.

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Definitions:

Cramer's Rule

A mathematical theorem used to solve systems of linear equations with the same number of equations as unknowns, using determinants.

System of Linear Equations

A group of one or more linear equations that share a common set of variables.

Row-echelon Form

A form of a matrix where all nonzero rows are above any rows of all zeroes, and each leading entry of a row is to the right of the leading entry of the previous row.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns, used in linear algebra.