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Please answer these questions as soon as possible 1. accounts for almost one third of the United States' GNP. while in most European countries, it
Please answer these questions as soon as possible
1. accounts for almost one third of the United States' GNP. while in most European countries, it accounts for about 50 percent of the nation's GNP. a} Consumption b) Government Spending c) Investments d) Imports 2. is about the right of individuals to shape their own economic lives, decide where to live, what careers to pursue, and who to purchase and sell to a} Capitalism b) Financial Freedom c) Economic Freedom d) Democracy 3. A system, is a system, in which the government owns economic resources, has command over them, and provides solutions to the four fundamental economics problems a} Mixed System e} Command System f} Self Managed System 9) Market System 4.5. is an analytical tool economists have invented to describe consumers' preferences a} topography map h) indifference map i) perceptual mapping j) consumer map 6. What kind of economic system is in place in the United States? a) Mixed System k) Command System I) Self Managed System m) Market System 7. As the price of a commodity , the quantity demanded increases a} remains unchanged b) decreases c) increasesStep by Step Solution
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