Which of the Following Is True About the Three Broad

question 17

Multiple Choice

Which of the following is true about the three broad types of economic systems?

• A) For pure market economy to function efficiently product supply must be restricted.
• B) In a command economy, state-owned enterprises have little incentive to control costs and be efficient.
• C) The sole role of government in a command economy is to encourage vigorous free and fair competition between private producers.
• D) Mixed economies were once uncommon throughout much of the world, although they are becoming much popular now.
• E) Production in command economies is determined by the interaction of supply and demand and signaled to producers through the price system.

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Definitions:

Psychiatrist

A medical doctor specialized in diagnosing, treating, and preventing mental, emotional, and behavioral disorders.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions and feelings.

Biological Treatment

Medical treatments for mental disorders that affect the brain's chemical environment, including medication and electroconvulsive therapy.

Therapeutic Technique

Methods or strategies used in therapy to treat physical, psychological, or social dysfunction.