evolution

The agricultural reform law in Egypt’s centrally planned economy (Abdul Nasser time) led to:

• Increase in agricultural land productivity

• Political problems

• Increasing the power of large landlords

• Decrease in agricultural land productivity

Nasser period is the period of

• Transformation to a Centrally Planned Economy.

• open door police

• state monopoly

• both a and c

Government allocates resources using....

• Centrally Planned Command Economy

• Capitalist Free Market Economy

• Mixed Economy

Nasser period was from.... to .....

• 1952 -1970

• 1974-1950.

• 1980’s – 1990’s.

• none of the above

During the transition to a centrally planned economy:

• The government nationalize the foreign companies

• The government encourage exports

• The role of the private sector increased

• None of the above

Combines free markets with government allocation of resources

• Centrally Planned Command Economy

• Capitalist Free Market Economy

• Mixed Economy

The government intervenes in the economy but protects private property rights

• Centrally Planned Command Economy

• Capitalist Free Market Economy

• Mixed Economy

Respect Private ownership. Private sector owns and operates most businesses.

• Centrally Planned Command Economy

• Capitalist Free Market Economy

• Mixed Economy

In North Korea, most of the labor force is employed by state-run (government) enterprises. North Korea is an example of:

• A free market economy

• A centrally planned economy

• A mixed economy

In a free market capitalist economy, the answers for “what, how and for whom to produce” are mostly determined by:

• The government

• Market forces

• A+B