Answer:
False
Explanation:
The global economies that can exist in a country are divided into three:
a. Pure market ( free market economy
b. Command economy
c. Mixed economy which consists of both the pure market and command economy).
The pure market( free market ) economy is also referred to as the economy that has capitalism present in it.
Pure market economy is the economy practised by a country whereby owners of businesses can make their own decisions independent of the government. The government has no influence on the running of the firms or the value been placed in the products the firm produces. In a pure market economy, goods and services are exchanged voluntarily. Buying and Selling of goods and services are carried out in a competitive markets.
The raw materials or resources needed, are given to firms with high prices and a high production capacity that meets the needs of the country.
Pure market economy is not regulated by the government and it occurs in Democratic governments.
Not all global economies practise the pure market economy. An example of a country or global economy that practises the pure market economy is the United States of America.
Answer:
Answer: C
Explanation:Equilibrium is achieved in a market when the quantity demanded is equal to quantity supplied. When these two variables are equal, then the market price is equal to equilibrium price.
When quantity demanded is more than quantity supplied, there will be excess demand and deficit in supply. In this case, the market price will increase till equilibrium is achieved.
Similarly, when there is excess of supply, then the price will fall till it reaches equilibrium.
Explanation:
<span>Open Door Policy (1899/1900) is declaration of principles introduced by the United States (1899, 1900) for the defense of equal freedoms amid nation’s transaction with China and in provision of Chinese regional and directorial honesty. So the answer is E. </span>
Answer:
In this excerpt from "The Diary of Anne Frank", the type of conflict that is shown is character vs. character.
Explanation:
i got it right on the quiz, hope this helps!
