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ECO427

Question: â€|is \
Answer: [C] Planned economy

Question: A	is a type of economic
system where supply and demand regulate the economy, rather than government intervention.
Answer:  market economy

Question: In a world of scarcity, any choice to produce something is also a choice not to produce something else. This statement is attributed to...
Answer:  What to Produce

Question: â€|.â€!â€|.is trade profits economic system and industrial revolution era which culminated into people owning and determining their production by themselves.
Answer:  Mecantilism system

Question:	is an economic system where
the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.
Answer:  Communism

Question: â€|...gave power and ownership of resources to anybody who occupy larger expanse of land and such the person will have power to control the remaining people in the community.
Answer:  Feudal system

Question: Another name for the capitalist class is calledâ€!â€!â€|.
Answer:  Bourgeoisie

Question: Which of these regions are not included in the six regions created by Marshal Josip Broz Titoâ€"s Communist Party in Yugoslavia.
Answer:  Macedonia and Ukraine

Question: Which of the following measure was employed by the labour government in Britain to stimulate the economy and stabilize the financial markets during the 2008 global financial crisis.
Answer:  All of the above

Question: Two notable characteristics of the post-war â€|â€|..economy were the close interlocking structures of manufacturers, suppliers, and distributors, known asâ€|â€|.., and the guarantee of lifetime employment for a substantial portion of the urban labour force.
Answer:  Japan, and keiretsu

Question: To â€|â€|., capitalism increased the â€!â€|â€!â€|of workers.
Answer:  Marx, alienation

Question: Which of the following is an economic agent in an economy?
Answer:  All of the above




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