Countries That Wish to Avoid Shortages and Surpluses of Goods

question 252

True/False

Countries that wish to avoid shortages and surpluses of goods should adopt a communist system.
Level of Learning 2: Understanding of concepts and principles

Define hate crimes and understand their legal and social consequences.

Relate the death penalty to historical patterns of racial bias.

Understand the concept of grand apartheid and its manifestation of racism.

Understand the concept of the digital divide and its implications on society.

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Definitions:

Full Employment

When a society’s resources are all being used with maximum efficiency.

Monetarists

Monetarists believe in controlling the supply of money as a method for regulating the economy and combating inflation.

National Income

A measure of the total value of all goods and services produced by a country over a specific period, typically adjusted for net income from foreign investments.

Money

A medium of exchange that facilitates the sale, purchase, or trade of goods and services, acting as a unit of account, a store of value, and a standard of deferred payment.