History, 16.12.2021 01:00 mads3499

Which of the following economic systems is characterized by a lack of competition? A. Market
B. Mixed
C. Socialist
D. Traditional

Answers: 2

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Answers

Answer from: joshuaburge13

Socialist

Explanation:

There are low levels of inequality and unemployment, and the common objective of replacing profit as the primary incentive of production.

If there was no competition in the markets, companies woud neglect technological development and cost reduction efforts. Price and service would become more advantageous to companies, and consumers would result in no receipt of benefits.

Answer from: vcasela

Explanation:

The statement that best characterizes the US economic system today is "mixed economy."

A mixed economy is characterized by economic decisions where demands and supplies define the price of products and services. At the same time, the government is also involved in the market decision or resources funding.

The US economic systems are mostly characterized by capitalism and socialism, whereby buyers and sellers define the markets, but the government also regulates the market flows with policies and regulations.

Hence, in this case, it is concluded that the correct answer is option B. "Mixed economy."

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Answer from: Quest

1920 census

the census was scheduled for january the 1st, as the government believed that more farmers would be in their homes by that time instead of april. the census did not ask about unemployment, the number of children, and how long was a couple married were not taken into consideration. individuals were considered as residents of the places they normally slept, not the places were they worked at or visited.

2010 census

the census was scheduled for april 1st, 2010. it was the shortest census in history: it only contained 10 questions related to name, age, gender, ethnicity, relationship, and whether the citizen owned a home or rented one. the government launched a website in order to provide the citizens with information regarding the census. there were also "teach census weeks" in schools nationwide.

Answer from: Quest

a true

explanation:

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Which of the following economic systems is characterized by a lack of competition? A. Market
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