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| Economics homework please help multiple choice!? 68: True or False: The Gross Domestic Product represents the total goods produced inland by domestic and foreign companies. 2: A ______ is a market where price is determined by the unregulated interchange of supply and demand. This is in contrast to a _______ where supply, demand, and price are set directly by government. open market, controlled market free market, controlled market open market, closed market free market, closed market 8: The hope for profits and the threat of losses is what forces a business owner in a capitalist economy to produce at the lowest cost and sell what the customers are most willing to pay for. This is an example of: Supply and demand Economic growth The downfall of capitalism Profits as incentives 19: Usually the short term goal of open market operations is to: create more jobs. achieve a specific long term interest rate target. achieve a specific short term interest rate target. increase stock market values. |
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