The U.S. economic system is a good example
Question # 00399794
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Updated on: 10/05/2016 01:00 AM Due on: 10/05/2016
1. The U.S. economic system is a good example of a
A. command economy
B. traditional economic system
C. a market economy
D. a socialist economy
2. An example of marginal utility is
A. the pleasure from eating another doughnut
B. the pleasure from buying a new car
C. the pleasure from taking a walk
D. the benefits from signing up for health insurance
3. If a fall in the price of coffee reduces the demand for tea, then coffee and tea are
A. substitutes
B. complements
C. unrelated products
D. inferior goods
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Solution: The U.S. economic system is a good example