1. In what kind of economy is production determined by the interaction of supply and demand and signaled to producers through the price system?
a. mixed economy
b. command economy
c. trade economy
d. market economy
2. Which of the following would cause the auditor to not use attribute sampling?
a. The upper deviation rate is lower than the tolerable rate
b. The estimated population deviation rate is higher than the tolerable rate
c. The risk of incorrect rejection is lower than the risk of incorrect acceptance
d. The estimated population deviation rate is lower than the tolerable rate