Which of the Following Statements About Economic Systems Is True

question 385

Multiple Choice

Which of the following statements about economic systems is true?

• A) Consumers usually have more freedom of choice in a market-directed economy.
• B) Command economies are most effective for countries with large and complicated varieties of goods and services.
• C) Branding is less common in a market-directed economy than in a command economy.
• D) The United States is a good example of a command economy.
• E) None of the above is true.

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Definitions:

Hormones

Chemical messengers produced by glands in the body that regulate the activity of cells or organs.

Insect's Life Cycle

The developmental stages an insect goes through from egg to adult, usually including egg, larva, pupa, and adult stages.

Insect Birth Control

Methods or substances used to control the reproduction and population growth of insects, often to reduce the spread of diseases or protect crops.

Biological Controls

The use of living organisms, such as predators, parasites, or pathogens, to suppress pest populations and manage ecosystems.