Which of the Following Is a Characteristic of a Pure

question 148

Multiple Choice

Which of the following is a characteristic of a pure command economy?

• A)All resources are privately owned.
• B)Economic activity is coordinated by the price system.
• C)Competitive markets guide resources to their highest-valued uses.
• D)Centralized economic planning is used to answer the basic economic questions.
• E)Economic choices are voluntary and are based on rational self-interest.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Marginal Revenue Product

The extra income created from the use of one additional unit of a production resource or input.

Acres

A unit of land area used in the imperial and US customary systems, equivalent to 4,840 square yards or approximately 4,047 square meters.

Marginal Revenue Product

The extra income produced by using an additional unit of a production input, like labor or capital.

Productivity

Refers to the measure of output per unit of input.