The most common form of economic decentralization involves
A) having very little government involvement in the economy.
B) markets, where people buy and sell goods and services.
C) government officials making economic decisions.
D) government ownership of the means of production.
Correct Answer:
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Q1: Which of the follow is NOT an
Q2: Economists think of products as being in
Q4: In a capitalist economy,
A) the state controls
Q5: Positive economic analysis
A) involves value judgments.
B) concerns
Q6: In a _ economy,the allocation of resources
Q7: Microeconomists usually assume that people are motivated
Q8: A _ is an enforceable claim on
Q9: Trade can occur only if property rights
Q10: Microeconomics
A) studies individual decision making.
B) studies aggregate
Q11: Which of the following topics is related
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