What Is the Type of Mechanism That Answers the Basic

question 35

Multiple Choice

What is the type of mechanism that answers the basic economic questions through a decentralized decision making process?

• A) Market system
• B) Dictatorship
• C) Command and control
• D) Mixed economic system

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Definitions:

Interest Rate

The proportion of a total amount of money that is required as payment for borrowing it, usually described as a yearly percentage rate.

Equivalent

Something that is equal in value, function, amount, or meaning to something else.

Invested

Refers to the allocation of resources, often money, in expectation of generating an income or profit.

Mature

To reach a full or the intended status, particularly in the context of financial instruments achieving their full value.