ACCOUNTING 17
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Principles_of_Economics_Robert_Frank_7th_Edition__Test_Bank
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---68September 20232023/2024A+
- Principles of Economics Robert Frank 7th Edition- Test Bank 
 
Chapter 3	Supply and Demand 
 
1)	If a country’s economic decisions are made by an individual or small number of individuals, then it has a: 
 
1.	A) centralized economy. 
2.	B) free-market economy. 
3.	C) capitalist economy. 
4.	D) open economy. 
 
 
Accessibility: Keyboard Navigation 
 
 
 
2)	A good example of central planning at work in the U.S. is: 
 
1.	A) car manufacturers establishing suggested retail prices. 
2.	B) McDonal...
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