The economy of the former Soviet Union is best described as a
A) primitive economy.
B) market economy.
C) hybrid economy.
D) centrally-planned economy.
Correct Answer:
Verified
Q31: Benefits from trade would not include
A)the ability
Q32: The term "invisible hand" was coined by
A)Adam
Q33: When Ukraine trades with Italy,
A)both countries are
Q36: One advantage market economies have over centrally-planned
Q37: The "invisible hand" refers to
A)the government.
B)the free
Q38: The basic principles of economics suggest that
A)markets
Q39: The collapse of communism in the Soviet
Q170: Communist countries worked under the premise that
A)people,
Q173: Central planning refers to
A)markets guiding economic activity.Today
Q203: Which of the following observations was made
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