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Economics
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23 Nov 2019

QUESTION 1

The information below describes the current state of the economy of a country called

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Related questions

1) Which of the following statements best describes the underlying feature in most economic problems? A) People have unlimited wants in the face of limited resources. B) There are unlimited resources. C) Our country is rich; we just don't realize it. D) People have limited wants in the face of limited resources. E) Governments should never interfere in the workings of a market economy.

Which statement accurately describes a developing country?

  1. the country's population has a high growth rate.
  2. the country has a high standard of living
  3. the country's population has a high life expectancy
  4. the country has a high GDP per capita.Ā 
Which of the following describes the economic system in the United States?
Ā 
A. Pure Command Economy
B. Mixed Economy
C. Laissez-faire economy
D. Socialism

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