Examlex
Which one of the following statements is correct?
Quantity Adjustments
Changes made in the quantity of goods produced or procured in response to shifts in demand or supply.
Laissez-Faire Economy
An economic system where private parties are free from government intervention, such as regulations, privileges, tariffs, and subsidies.
Central Government Authority
The part of the government that has a national mandate and is responsible for the implementation and administration of policy and law in a country.
Command Economies
An economic system where the government or a central authority makes all decisions about the production and distribution of goods and services.
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