Refer to the Following Table to Answer the Next Three

question 119

Multiple Choice

Refer to the following table to answer the next three questions:

-Using the table,what is the value of M1?

• A) $13,500,000
• B) $46,500,000
• C) $47,500,000
• D) $57,500,000
• E) $64,500,000

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Definitions:

Command Economy

An economic system where the government has primary control over the production and distribution of goods and services.

Market Economy

An economic system where the prices of goods and services are determined in a free price system, primarily through supply and demand.

Nationalization

The process by which governments take private assets into public ownership, usually key industries or resources.

State-Owned Enterprise

A business entity that is owned and operated by the government in order to provide goods or services to the public.