Question

One very important characteristic of organizations in the study of comparative economic systems is the nature of economies of scale. whether they exhibit capitalism or socialism.

the use of computers in the organization.

the level of centralization or decentralization of decisions

11 Modern comparative economists would object to the definition of economic systems only in terms of property ownership arrangements, because they recognize that ownership arrangements are not important. there is some private ownership of property in every economic system. ownership arrangements are only one aspect of the economic system resource allocation procedures are much more important than property ownership

12 In contemporary capitalist economic reforms, privatization means expansion of private ownership of the means of production improvement of planning methods implementation of worker management none of the above

13 happiness research is a fairly young branch of economics that uses national and international surveys of households probing how content residents of different countries are with their lives. True False

Answer 1

1) whether they exhibit capitalism or socialism.

The Comparative Economic Systems courses taught in the second half of the twentieth century tended to be relatively friendly toward socialism because academic economists tended to think that economic planning is done by experts (in other words, people like themselves) could allocate resources more rationally than when resource allocation was left to the uncertainties of the market.

11) ownership arrangements are only one aspect of the economic system.

Property is anything subject to ownership and private relates basically to an individual. Ownership relates to a possessory interest in a property. This is the right to exert control over the uses of the property to the exclusion of others.

12) expansion of private ownership of the means of production

Contemporary imperialism can be defined as a new stage of capitalism, begun after the Second World War, and characterized by a high degree of. integration of the world capitalist system based on the expanded development. of the concentration, conglomeration, centralization, and internationalization.

13) The answer is TRUE

Happiness Economics is a vibrant branch of economic research that has been booming since the 1990s. Being a rigorous academic discipline, it observes and analyses the economic determinants of subjective well-being declared by individuals in surveys.