Which of the Following Statements About Economic Systems Is True

question 373

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 these statements is true.

Grasp the basic principles of classical conditioning and the stimuli that incite actions.

Understand the implications of selective perception based on needs, values, or attitudes.

Understand the process and significance of controlling behavior through manipulation of its consequences.

Comprehend the concepts of internal and external attributions, fundamental attribution error, and self-serving bias; understand their relevance for managers.