Classify the System as Consistent or Inconsistent, and Dependent or Independent

question 71

Multiple Choice

Classify the system as consistent or inconsistent, and dependent or independent.
-x + y = -12 2x - 2y = -12

• A)Inconsistent and dependent
• B)Inconsistent and independent
• C)Consistent and independent
• D)Consistent and dependent

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Definitions:

Laissez-faire Capitalism

An economic system characterized by minimal government intervention and the free operation of market forces.

Minimal Government Intervention

Minimal government intervention refers to a political and economic philosophy that advocates for the government to interfere as little as possible in the economic decisions of individuals and businesses.

Division of Labor

The separation of the work required to produce a product into a number of different tasks that are performed by different workers; specialization of workers.

Command Systems

Economic systems where production, investment, prices, and incomes are determined centrally by a government.