Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
Answer:
d. $38.00
Explanation:
The computation of the overall Belinda expense for the week is shown below:
= Bus fare expense + lunch out expense + hair cut expense + movie rental expense
= $8.70 + $7.35 + $16 + $5.95
= $38
We have added all the types of expenses that are provided in the case i.e. bus fare, lunch out, hair cut and movie rental expenses.
The number of tokens to be purchased will depend on the purchasing power of my present capital.
<h3>What is a subway tokens?</h3>
It means those metal or plastic disk that can be redeemed, used in designated slot machines which are mostly used to pay for entry to the subway system.
Despite that the effect of inflation could push the subway tokens which are $1.50 today to go up to $2.00, the number of tokens to be purchased will depend on the purchasing power of my present capital.
Read more about purchasing power
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