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Economics, 6/e
Stephen L. Slavin
The Mixed Economy
Chapter 4 - The Mixed Economy
1
In 1979
began evolving from a communist economy toward a market economy.
2
Socialist countries like Sweden and Norway provide cradle-to-grave security, but at the cost of
.
3
Basically we want to encourage economic activities that provide external
and discourage those that incur external
.
4
When our resources are not allocated efficiently, we have
.
5
In the United States, most of our goods and services are produced by
.
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