When any state or country operates with a "command economy", this means that the government, instead of the "free market" or consumers, is in charge of determining output and production quotas.
Answer:
False
Explanation:
Jefferson was unable to abolish slavery before his death. Lincoln was the one who did that.
it was called the Mayflower
Answer: Free Market = usually a good way to run an economy.
Government can help a Free Market.
A Country's Standard of Living is determined by Productivity.
Prices of Good go up when government prints money.
There is a temporary tradeoff between unemployment and inflation.
Explanation:Smith never uses the term “capitalism;” it does not enter into widespread use until the late nineteenth century. Instead, he uses “commercial society,” a phrase that emphasizes his belief that the economic is only one component of the human condition.
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