Which of the Following Statements About Economic Systems Is True

question 373

Multiple Choice

Which of the following statements about economic systems is true?

• A) Consumers usually have more freedom of choice in a market-directed economy.
• B) Command economies are most effective for countries with large and complicated varieties of goods and services.
• C) Branding is less common in a market-directed economy than in a command economy.
• D) The United States is a good example of a command economy.
• E) None of these statements is true.

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Definitions:

Activation-Synthesis Theory

A theory about dreaming proposing that dreams result from the brain's attempt to make sense of neural activity that occurs during sleep.

Information-Processing Perspective

A psychological approach that likens the human mind to a computer, emphasizing how information is processed, stored, and retrieved.

Cognitive Development Perspective

A psychological viewpoint that focuses on how people grow and change in terms of their thinking and reasoning capabilities throughout the life span.

Latent Content

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