ECO427
Question: The book YDas KapitalY is attributed to and was published in
Answer: Marx and 1867
Question: The former Soviet Union can be used as the best example of a prototype communist economy from its inception in until its collapse in…..
Answer: 1918 and 1991
Question: All of the following are assumptions made by Economists about human desires for material goods and services except;
Answer: Human want are satiable
Question: The United States is said to have a economy
Answer: mixed
Question: ….reflects the non -control force of the government but the control force of the invisible hands which is the market force of demand and supply.
Answer: Decentralization
Question: One of these countries does not have a trace of capitalism in their economic system…
Answer: Cuba
Question: The last half of the 1980s was a period of perestroika, meaning restructuring in the Soviet Communist economy headed by the Soviet leader…..,
Answer: Mikhail Gorbachev
Question: Which of these state/city experienced the least threaten, attack and destruction by Boko Haram?
Answer: None of the above
Question: From each according to his abilities, to each according to his needs.
Answer: Communism
Question: According to ……, capital only exists within the process of economic exchange and it formed the basis of the economic system of capitalism.
Answer: Marx
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