Which of the following terms is most synonymous with capitalism A) Market economy B) Centrally planned economy C) Political Economy D) Mixed Economy

10.) The four stages of the business cycle in order are A) Recession, Trough, Expansion, Peak B) Recession , Peak, Expansion, Trough C) Trough, Recession, Expansion, Peak D) Peak, Recession, Expansion Trough

11.) If country A can make more peaches and cherries than country B, splitting its resources over both goods and having an even amount of resources with country B in a two good economy it can be said about Country A with certainty that: A) They have a comparative advantage in both goods B) They have a comparative advantage in no goods C) They have an absolute advantage in both goods D) They have an absolute advantage in no goods E) None of the above can be assumed for sure 12.) Which of the following is NOT a role of Canadian government in business

A) establishing import and export laws B) ordering embargos C) marketing and planning D) setting tariffs

give me explanation please