19- If the government has complete control over the ownership of factors production, their economy is classified as____________. a. Command economy b. Economic system c. Capitalist economy d. Mixed economy
19- If the government has complete control over the ownership of factors production, their economy is classified as____________. a. Command economy b. Economic system c. Capitalist economy d. Mixed economy
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 21CTQ: It is clear that productive inefficiency is a waste since resources are used in a way that produces...
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Question
19-
If the government has complete control over the ownership of factors production, their economy is classified as____________.
a.
Command economy
b.
Economic system
c.
Capitalist economy
d.
Mixed economy
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