An Unplanned Economy Operating Under Laissez-Faire

question 53

Multiple Choice

An unplanned economy operating under laissez-faire

• A)allocates resources by market supply and demand.
• B)cannot respond to basic questions about production and distribution.
• C)shows breakdowns with frequent surpluses and shortages.
• D)allocates goods and services under government subsidy.

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Definitions:

Memory Functions

The cognitive processes involved in storing, retaining, and recalling information.

Cerebrum

The largest part of the brain, responsible for various higher functions such as thought, action, memory, and emotion.

Brain Region

A specific area within the brain responsible for certain functions or processes, such as the occipital lobe's role in visual processing.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for executive functions, such as judgment, problem-solving, and planning.