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What term describes the belief that economic problems can work themselves out in the marketplace without government help or controls?
Delusion
What of the following terms best describes an economy in which the government makes the decisions of goods production?
The term that best describes an economy in which the government makes decisions regarding goods production is a "command economy." In this system, the government centrally plans and controls all economic activities, determining what to produce, how much to produce, and for whom the goods are produced. This contrasts with market economies, where decisions are driven by supply and demand.
Terms best describes the process by which the government controls interest rates and the money supply in order to influence the economy?
The process by which the government controls interest rates and the money supply to influence the economy is best described as monetary policy. This is primarily implemented by a country's central bank, such as the Federal Reserve in the United States, through tools like open market operations, discount rates, and reserve requirements. By adjusting these variables, the central bank aims to achieve goals such as controlling inflation, managing employment levels, and promoting economic growth.
What are two types of government policies that influence the economy?
Government intervention in the economy can be seen in various forms. The two that perhaps most directly influence an economy are price controls and taxes. Price controls set maximum or minimum prices by which a product can be sold. Various types of taxes can create a wedge between what a buyer pays and a seller receives in regards to products.
A country has a command economy. Which of the following statements applies to it?
The government owns and controls all major industries-apex
Which of the following is a system in which one leader controls the government, the economy, and the people?
dictatorship
Which of the following terms describes a situation in which a single corporation lacks competition and controls the market for a certain product?
monopoly
What term describes the belief that economic problems can work themselves out in the marketplace without government help or controls?
Delusion
What of the following terms best describes an economy in which the government makes the decisions of goods production?
The term that best describes an economy in which the government makes decisions regarding goods production is a "command economy." In this system, the government centrally plans and controls all economic activities, determining what to produce, how much to produce, and for whom the goods are produced. This contrasts with market economies, where decisions are driven by supply and demand.
Who controls our city government sate government and national government?
who controls our city and goverment and natianl
How do government influence nation development?
government controls the banks, banks control the money government controls trading government controls building projects government controls everything you could think of... if your country was importing and exporting lots of oil, chances are the country will develop, as it's making money. the money can then be used to finance huge industrial projects. however if you lived in kenya, and your country was only exporting tea... the chances are the profits won't be large enough to fund any building projects or farming projects
What government controls Sicily?
It is part of Italy, so the Italian government controls it.
What are two types of government policies that influence the economy?
Government intervention in the economy can be seen in various forms. The two that perhaps most directly influence an economy are price controls and taxes. Price controls set maximum or minimum prices by which a product can be sold. Various types of taxes can create a wedge between what a buyer pays and a seller receives in regards to products.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Who controls communication ethics?
The Government
Who controls Pakistan?
Democratically elected government controls Pakistan. Government is lead by the Prime Minister in Pakistan.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
