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2. What is a command economy

  • is a system when the employees determines what goods should be produced
  • is a system when the government determines what goods should be produced
  • is a system when the free market determines what goods should be produced
  • is a system when the parents determines what goods should be produced

3. What does the retail price index measure

  • a measure of inflation, published by the queen
  • a measure of inflation, published by the office for national statistics
  • a measure of inflation, published by tesco

4. What is macro economics

  • the branch of economics concerned with large scale or general economic factors, like interest rates
  • a branch of economics that studies the behavior of individuals and firms
  • a branch of economics that studies businesses

5. externality is

  • a consequence of an industrial or commercial activity, which affects others parties without this being reflected in market prices
  • something that happens outside the government
  • something that happens outside public spending

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