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Someone Help Please...?

1. How could the Chinese economy be characterized? a. free market b. centrally planned c. mixed, but on the side on centrally planned d. mixed, but on the side of free market 2. which of the following is a condition that most people would NOT the safety net of the government to provide for? a. injuries b. it protects the less fortunate c. natural disasters d. low income 3. which of the following is NOT an example of a public good? a. shopping malls b. national parks c. highways d. municipal libraries 4. how do consumers make their desires known to businesses most effectively? a. through buying products b. by protesting by boycotting products c. through mail and phone survey d. by hiring lobbyist and joining consumer groups 5. What effect does new technology usually have on an economy? a. it reduces the available jobs b. it slows and economy down for at lease a while c. it reduces the dependence of the economy on business d. it makes the economy stronger and more efficient

Public Comments

1. I Would Say: 1.A 2.B 3.C 4.D 5.B
2. 1. C 2. D 3. A 4. A 5. D
3. 1. A - i think 2. B 3. B - im pretty sure this is the right answer. We did national parks in our geography lesson and it turns out that the public only own a small amount (something like 1%) and the rest of if is privately owned or the government. 4. A - the more of one product brought against another shows which is more desired (which is used more). 5. I think you can argue all of these but if you are looking from a governments point of view D.
4. 1. c. China has a centrally planned economy that is experimenting with free market economic concepts in limited areas. A majority of the Chinese industrial base is still state-owned and controlled. 2. b. the term "less fortunate" is ambiguous. Injuries fall under medical provided by government programs such as Medicare and Medicaid. Natural disasters are covered by FEMA. Low income is subject to standards of family size and poverty levels and is normally alleviated by supplemental government payments such as welfare and Earned tax credits. 3. a. Shopping malls are not provided by any level of government. A public good normally exists due to taxation of the population. The public good is provided for the good of that population. 4. a. Simple demand and supply in determining product & business profitability. 5. d. Technology allows for efficiency of the production process which increases profitability margins.