1. Which of the following would not be classified as an economic-environmental factor? a. Natural resource endowments b. The size of the economy c. The nature of decision-making arrangements d. The economyâs per capita income e. The economyâs labor force
2. If one finds that the planned socialist economies all have higher growth rates than capitalist countries, this shows that a. planned socialism necessarily produces higher growth than capitalism. b. planned socialism may produce higher growth than capitalism, ceteris paribus. c. capitalism may produce higher growth than planned socialism, ceteris paribus. d. capitalism necessarily produces higher growth than planned socialism. e. both b and c are correct.
3. National priorities tend to be a. the same for countries that have similar economic systems. b. the same for all countries. c. different for different countries. d. completely unknown. e. none of the above.
1. Which of the following would not be classified as an economic-environmental factor? a. Natural resource endowments b. The size of the economy c. The nature of decision-making arrangements d. The economyâs per capita income e. The economyâs labor force
2. If one finds that the planned socialist economies all have higher growth rates than capitalist countries, this shows that a. planned socialism necessarily produces higher growth than capitalism. b. planned socialism may produce higher growth than capitalism, ceteris paribus. c. capitalism may produce higher growth than planned socialism, ceteris paribus. d. capitalism necessarily produces higher growth than planned socialism. e. both b and c are correct.
3. National priorities tend to be a. the same for countries that have similar economic systems. b. the same for all countries. c. different for different countries. d. completely unknown. e. none of the above.
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