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Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
Which of the following describes a drawback of a command economy compared to a free market economy?
Answer this question… It reduces innovation by requiring all businesses to follow government orders.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
What of the following describes a characteristic of the Norths economy?
You need to answer this question question because we don’t do homework. You have the list that describes the economy.
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
Which of the following statements most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
How do you best describes the relationship between competition and a free-market economy?
The following statement best describes the relationship between competition and a free market system: Competition increases within a free market system.
Which of the following describes a drawback of a command economy compared to a free market economy?
Answer this question… It reduces innovation by requiring all businesses to follow government orders.
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
Which of the following statements most accurately describes the process of independent assortment?
It is mostly a free market economy with few government regulations.(StudyIsland Answer).
What economy most accurately describes the economy that exists in Hong Kong?
It is mostly a free market economy with few government regulations.
Which of the following terms describes policies aimed at improving the Soviet Union's economy by making free-market reforms and allowing more economic freedoms?
Perestroika
Which of the following terms describes policies aimed at improving the Soviet unions economy by making free market reforms and allowing more economic freedoms?
Perestorika.
What describes an economy in which prices form the basis for economic decidions?
market
What of the following describes a characteristic of the Norths economy?
You need to answer this question question because we don’t do homework. You have the list that describes the economy.
Which of the following is another term for a market economy?
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
