38. The primary differences in economie the manner in which economic activities
ID: 1140778 • Letter: 3
Question
38. The primary differences in economie the manner in which economic activities are coordinated a. True b. False among structure among different countries relate to ownerslhi 39. A mixed capitalist economy is one in which a. decisions are based primarily on eliion or customin centralizedomic activity all resources are publiely owned and economic planning is o all resources are privately owned and prices are used to coordinate d. C: resources are both publicly and privately owned and some m markets are regulated e. all resource es are publicly owned and prices are used to coordinate economic activity The law of comparative advantage does not apply to a. entire nations b. natural resources like air and sunshine c. individuals d. firms e. regions of a country -40.Explanation / Answer
38. Correct option: TRUE
explanation: possession and management of scarce resources within a country determines its economic structure and level.
39: correct option : D
Explanation: mixed capitalist economy is where all means of production are owned by government or privately by individuals. an economy which is neither completely socialist nor capitalist called mixed capitalist economy.
40. : correct option : B
Explanation: law of comparative advantage says that an entity has the capacity to produce a good or service of lower opportunity cost than any other has for the same good or service.
natural resources like, water, aur, sunshine have zero opportunity cost, hence this law cannot be apply for them.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.