World economic systems fill in the blanks to complete the passage about economic systems.
in –, the government owns everything and all citizens work for the government and are considered equal, with no – distinctions.
under –, workers do not enjoy the same consumption patterns that – economies encourage. many socialist nations have –who enjoy a higher class of living than workers.

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations

What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?