Which of the following statements would the author most probably agree with?

Date: 2015-10-07; view: 455.

It can be derived from the text that the slowliest to react to changes in consumer needs and fluctuating patterns of supply and demand is

It can be derived from the text that a balance of a wide range of political and economic views is typical for

Which economy according to the information in the text is the most efficient because it adjusts automatically to meet the changing demand ?

It can be inferred from the text that

(A) a market economy features a balance of public and private saectors.

(B) a market economy is the area where individual decisions about buying and selling interact.

(C) a market economy aims to eliminate entirely subsidies for a particular industry, the pre-determination of prices for different commodities, and the amount of regulation.

(D) a market economy is driven by two major forces – supply and demand.

(A) a mixed economy

(B) a planned economy

(C) a market economy

(D) a command economy

(A) a mixed economy

(B) a planned economy

(C) a market economy

(D) a command economy

(A) a mixed economy

(B) a planned economy

(C) a market economy

(D) both mixed and command economies

(A) A mixed economy combines both capitalist and socialist economic policies.

(B) A mixed economy aims at using all available resources for developing production instead of allocating the resources for advertising or marketing.

(C) In a mixed economy firms tend to be highly competitive, new advanced products and low prices are good ways to increase sales and profits.

(D) A mixed economy is government directed, and market forces have very little say in such an economy.