Economic systems differ according to which two main characteristics?
A. Who owns the factors of production, and the methods used to coordinate economic activity.
B. The technology used in production, and the quantity and quality of natural resources.
C. How goods are produced, and who gets them.
D. The political system in place, and the degree of scarcity facing the economy.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Economic systems differ according to which two main characteristics? A. Who owns the factors of production, and the methods used to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Standards differ from budgets in that A) only budgets contribute to management planning and control. B) budgets but not standards may be used in valuing inventories. C) budgets but not standards may be journalized and posted.
Answers (1)
Consumers find it difficult to exert the political influence needed to remove trade restrictions because the costs to consumers are very small and widely dispersed, which makes it difficult for consumers to organize. a. Trueb. False
Answers (1)
Rowdy's Restaurants cash flow ($ in millions) Cash received from: Customers $ 3,600 Interest on investments 320 Sale of land 220 Sale of Rowdy's capital stock 840 Issuance of debt securities 3,200 Cash paid for: Interest on debt $ 420 Income tax 200
Answers (1)
Hil has a credit card from quality credit, inc. quality wants to change to the terms. the firm must give phil at least thirty days' notice. must give phil at least forty-five days' notice. need not give phil any notice.
Answers (1)
9) The zero coupon bonds of JK Industries have a market price of $211.16, a face value of $1,000, and a yield to maturity of 7.39 percent. How many years is it until these bonds mature
Answers (1)
New Questions in Business
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $86,000 in cash.
Answers (2)
Which of the following statements is true of the market introduction stage of the product life cycle?
Answers (1)
Look at the thesaurus entry that follows this sentence. which word is the best replacement for the word "expensive"? the new insurance plan was expensive - far beyond karl's ability to pay.
Answers (1)
The best way for a franchisee and franchisor to evaluate each other is for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (2)
Suppose that the nominal rate of interest is 7% and the expected inflation rate is 3% then the real rate of interest is equal to:
Answers (1)