Which of the Following Is Correct with Regard to the Issue

question 206

Short Answer

Which of the following is correct with regard to the issue of different economic systems?
There is a general consensus that command economies are more efficient than market economies because centralized government can consider a wider range of economic factors when decisions are made.
In recent years, more and more countries have rejected communism and embraced more market-based economies.
Socialism is the most extensive command economic system because government owns all the major industries.
A GlobeScan poll of 20 000 people in 20 different countries showed that support for a free market economy was most pronounced in Singapore.
All of these are correct.

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Definitions:

Real Property

Land and anything permanently affixed to it, such as buildings and trees.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Deed of Trust

A legal document used in some states that involves three parties—the borrower, the lender, and the trustee—and it serves as a lien on real property.

Default

The failure to fulfill a legal obligation, especially the failure to pay back a loan according to the agreed-upon terms.