--%>
Assignment Help - homework help

Market-based economic system

I have a problem in economics on Market-based economic system. Please help me in getting the accurate answer from the following question. The market-based economic system: (1) Is ‘natural’ as it exists in each and every society. (2) Has dominated economic relationships since year 1492. (3) Guided resource allocation in middle ages. (4) Is more totally implemented in the U.S. than Cuba.

Select the accurate answer.

   Related Questions in Econometrics

  • Q : Symptom of inefficiency I have a

    I have a problem in economics on Symptom of inefficiency. Please help me in the following question. Operating within a society's production possibilities frontier is the: (1) Method to build reserves to stimulate the investment and growth. (2) Outcome

    		•
  • Q : Consequence of division of labor Betsy

    Betsy possesses a cake decorating business, and working alone, she can make 10 wedding cakes a day. Though, whenever Betsy hired a helper, output enlarged to 30 wedding cakes daily. This raised output is most probable an outcome of: (1) Law of diminishing returns. (2)

    		•
  • Q : Production Possibilities Frontiers as

    I have a problem in economics on Production Possibilities Frontiers as tools. Please help me in the following question. Production possibilities frontiers are much least useful as tools to exemplify: (i) Scarcity. (ii) Opportunity costs. (iii) Feasibl

    		•
  • Q : History of US economy Shortly prior to

    Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.

    		•
  • Q : Queuing-Allocative Mechanisms Can

    Can someone help me in finding out the right answer from the given options. Most of the colleges allocate football and basketball tickets by encompassing students wait in long lines beginning at around 6 am on frigid fall mornings. This ineffective allocative mechanis

    		•
  • Q : Slower rates of economic growth In the

    In the production possibility frontier model, a society which presently selects higher levels of consumer goods and some capital goods outcomes in: (i) Higher rates of unemployment in future. (ii) Enhanced economic efficiency. (iii) Slower rates of th

    		•
  • Q : Production frontier model requirements

    I have a problem in economics on Production frontier model requirements. Please help me in the following question. The production possibilities frontier model doesn’t need supposing that: (1) Technology is stable. (2) Resources are fixed. (3) Output mixes are co

    		•
  • Q : Division of labor advantages for workers

    The advantages from the division of labor are improved as workers: (1) Are protected by the barriers which limit the international trade. (2) Who each recognize all facets of production gain an enhanced understanding of the whole project. (3) Constant

    		•
  • Q : History of idle capacity during world

    Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso

    		•
  • Q : Problem on Converging Systems I have a

    I have a problem in economics on Converging Systems. Please help me in the following question. The United States free market system: (1) Is a purely laissez-faire system. (2) Consists of complete and well stated property rights. (3) Has been largely u

    		•