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worty [1.4K]
3 years ago
13

Most global economies are pure market economies that operate without government regulation. Please select the best answer from t

he choices provided T F
History
1 answer:
JulsSmile [24]3 years ago
4 0

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.

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Give an example of a negative externality and a positive externality that is not listed in your book.
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Externalities - An externality is such type of outcome which is not directly incureed by the producer but its consequences are incurred by society as a whole. The externalities can be negative as well as positive.

Negative externality- A externality that has a negative and harmful effect on society, as well as firms, are called negative externalities.

  • For eg., A firm polluting the environment to save the cost of production will have negative consequences on society as a whole.

Positive externality - An outcome of the decisions and execution of a company that has led to positive consequences for both company and the society.

  • For eg., the perfect example of positive externalities is the research and development work of any company. The research and development benefits not only the company to enhance its efficiency but it also benefits society by gaining the knowledge from the research, employment from work, etc,

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Prohibits the federal government from imposing unduly harsh penalties on criminal defendants, either as the price for obtaining
VladimirAG [237]
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2 years ago
Why is the Louisiana Purchase treaty an important document in the study of Manifest Destiny?
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Considering the available options for reasons that led to the revolutions in Latin America include the "<em><u>desire for greater political control."</u></em>

<h3>Latin America Revolution</h3>

The Latin American Revolution occurred between 1808 and 1826. During these periods, many Latin American colonies longed for greater political control of their territories.

<h3>Other reasons that led to the revolutions in Latin America include </h3>
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  • loss of Spanish strength due to wars with France, Britain, and later the United States
  • Less ability for Spain to control colonies as there was lesser economic and political power to control the colonies

Hence, in this case, it is concluded that the correct answer is <u>All of the Above</u> options.

Learn more about the Latin American Revolution here: brainly.com/question/11954278

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