Бизнес - Онлайн-справка по деловым заданиям - 186

Unit 1.2 Economic Systems Learning objectives 1. Explain the classification of economic systems, and the strengths and weaknesses of different systems. 2. Explain the role of government in different economic systems. Now we turn to an examination of the type of economic system in which choices are made. An economic system is the set of rules that define how an economy's resources are to be owned and how decisions about their use are to be made. We will see that economic systems differ in terms of how they answer the fundamental economic questions. Many of the world's economic systems, including the systems that prevail in North America, Europe, and much of Asia and Central and South America , rely on individuals operating in a market economy to make those choices. Other economic systems, including those of Cuba and North Korea today and historically those of the former Soviet Union, Soviet bloc countries, and China.rely-or relied - on government to make these choices Different economic systems result in different sets of choices and thus different outcomes; the fact that market economies generally outperform the others when it comes to providing more of the things that people want helps to explain the dramatic shift from government -dominated toward market-dominated economic systems that has occurred throughout the world in the past decades. Under what circumstances will a nation achieve efficiency in the use of its factors of production? Why would decision makers throughout the economy want to achieve such efficiency? Economists assume that privately owned firms seek to maximize their profits. The drive to maximize profits will lead firms to allocate resources efficiently to gain as much production as possible from their factors of production. But whether firms will seek to maximize profits depends on the nature of the economic system within which they operate. Each of the world's economies can be viewed as operating somewhere on a spectrum between market capitalism and command socialism. In a capitalist economy, resources are generally owned by private individuals who have the power to make decisions about their use A market capitalist system is often referred to as a free enterprise economic system. In a command economy, the government is the primary owner of capital and natural resources and has broad power to allocate the use of factors of production. Between these two categories lie mixed economies that combine elements of market capitalist and of command economic systems. No economy represents a pure case of either market capitalism or command socialism. To determine where an economy lies between these two types of systems, we evaluate the extent of government ownership of capital and natural resources and the

WHAT SHARE OF THE WORLD'S GDP DO SERVICES ACCOUNT? a. 1/2 of the world's GDP b. 3/4 of the world's GDP C. 2/3 of the world's GDP d. 1/6 of the world's GDP

WHAT INTERNATIONAL ORGANIZATION DOES REGULATETHE INTE RNATIONAL EXCHANGE OF SERVICES, TRADE ASPECTS OF INTELLECTUAL PROPERTY AND CONTRO THEPROTECTION OF INVESTMENTS? a. WTO b. ICC c. WHO d. GATT

WHICH TYPE OF CURRENCY REGIME DEPENDS ONLY ON THE SUPPLY AND DEMAND FOR THE CURRENCY? a. fixed exchange rate b. market exchange rate c. floating exchange rate d. managed floating exchange rate

ONE OF THE MAIN DIRECTIONS OF THE RUSSIAN FOREIGN ECONOMIC POLICY IS MULTILATERAL ECC ECONOMIC COOPERATION INCLUDING WITHIN THE FRAMEWORK OF a. NATO b. EU c. G7 d. BRICS

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