Which of the following is NOT a type of economic system?
A. Socialist economy
B. Barter economy as a complete system classification
C. Capitalist economy
D. Mixed economy
Answer: Option B
Solution (By JKSSB Mock Tests)
Economic systems are classified as capitalist, socialist and mixed based on ownership and resource allocation. Barter is a method of exchange, not a complete economic system classification.
Explanation:
Crowding out is more pronounced when the economy is close to full employment, as higher government borrowing raises interest rates and reduces private investment.
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