In 2010, More of These Were Sold in China Than

question 40

Multiple Choice

In 2010, more of these were sold in China than in the United States.

• A)Computers
• B)Color televisions
• C)Single-family homes
• D)Washing machines
• E)Automobiles

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Definitions:

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Command System

An economic system where production and distribution decisions are made by a central authority.

Central Planning

An economic system in which the government or a central authority makes all decisions about the production and distribution of goods and services.

Government

The organization, or system of organizations, governing an organized community, often a state, and responsible for setting and enforcing policy.