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Question: Suppose that in the country of Worthland, the productive resources are owned by the state and most economic decisions are made by its central government. This country has a(n): planned economy. market economy. capitalist economy. economy that is both capitalist and market.Dan owns a small grocery store. When an item doesn't sell well, he'll typically stop carrying it in favor of something that sells better. What type of efficiency does this help him achieve?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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