Which of the Following Statements Related to Economic Systems Is

question 29

Multiple Choice

Which of the following statements related to economic systems is incorrect?

• A)Cuba's system involves distributing goods based on the capacity to pay.
• B)Mexico's economy is dependent on other countries.
• C)Japan imports over half of its food supply.
• D)Canada's economy is capitalistic with socialistic controls in health care and the retirement system.

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Definitions:

Weekdays

The days of the week typically considered as working days, usually Monday through Friday, excluding the weekend.

Sampling Distribution

A statistical function that describes all the possible values and likelihoods that a statistic can take within a given range.

Statistic

A numerical value that summarizes or describes an aspect of a set of data.

Simple Random Samples

A sample where each member of the population has an equal chance of being selected.