1. The advantages of using credit include a) access to more money than one has. b) immediate access to money. c) more money flows into the economy. d) all of the above. 2. In a command economy, the consumer(s) is/are a) private individuals. b) the family or community. c) the government. d) private corporations. 3. Which of the following countries have a mixed-market economy? a) China, North Korea, and Zaire b) Japan, United States, and Canada c) Aboriginal tribes of Australia d) All of the above

1. The advantages of using credit include a) access to more money than one has. b) immediate access to money. c) more money flows into the economy. d) all of the above. 2. In a command economy, the consumer(s) is/are a) private individuals. b) the family or community. c) the government. d) private corporations. 3. Which of the following countries have a mixed-market economy? a) China, North Korea, and Zaire b) Japan, United States, and Canada c) Aboriginal tribes of Australia d) All of the above

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 4QR

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Question

1. The advantages of using credit include

a) access to more money than one has.

b) immediate access to money.

c) more money flows into the economy.

d) all of the above.

2. In a command economy, the consumer(s) is/are

a) private individuals.

b) the family or community.

c) the government.

d) private corporations.

3. Which of the following countries have a mixed-market economy?

a) China, North Korea, and Zaire

b) Japan, United States, and Canada

c) Aboriginal tribes of Australia

d) All of the above

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