Test Bank for Principles of Microeconomics, 3rd Edition OpenStax Shapiro (All Chapters included)
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Course
Microeconomics
Institution
Microeconomics
Complete Test Bank for Principles of Microeconomics, 3rd Edition by OpenStax, David Shapiro, Daniel MacDonald, Steven A. Greenlaw ; ISBN13: 9781711471501. (Full Chapters included Ch 1 to 20).....1. Welcome to Economics!.
2. Choice in a World of Scarcity.
3. Demand and Supply.
4. Labor and Financ...
1. In countries like _____________ the command economy predominates.
A. China and Vietnam
B. Cuba and North Korea
C. South Africa and Kenya
D. Germany and France
Answer: B
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Remember
2. In which of the following countries will the national government have the greatest
influence with respect to the nation's economy?
A. China
B. Cuba
C. Canada
D. Chile
Answer: B
Reference:
Explanation:
Type: Multiple Choice Difficulty: Medium Category: Analyze
3. In a command economy, the __________ either makes most economic decisions
itself or at least strongly influences how the decisions are made.
A. government
B. market
C. firm
D. business sector
Answer: A
Reference:
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