What type of economy does each statement describe?
select c for command economy.
select m for market economy.
select t for traditional economy.

business decisions are influenced by consumer demand.
change happens slowly.
economic growth is not a high priority.
people choose their careers.
resources are owned by the government.
the government makes most business decisions

How do communism and socialism differ in terms of the role that government plays in the economy ?

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level