Pure Capitalism and a Pure Command System Are _____

question 173

Multiple Choice

Pure capitalism and a pure command system are _____

• A) two different ways of answering the basic economic questions.
• B) two terms describing the same method of answering the basic economic questions.
• C) the only two ways of answering the basic economic questions.
• D) the most efficient ways of answering the basic economic questions.
• E) two economic systems where the problem of scarcity does not exist.

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Definitions:

Cost-Ratio Analysis

Cost-ratio analysis is a method of comparing the cost of an action to its benefits, often used in business and economics to determine the most economically feasible option.

Cost-Benefit Analysis

An economic evaluation technique that compares the costs and benefits of different projects or decisions to ensure efficient allocation of resources.

Highest Denomination

The largest value in a series or system, such as currency.

Portrait Side

The aspect or profile of a subject that is depicted or photographed, typically focusing on the face or front.