Multiple Choice
Which of the following is a characteristic of pure capitalism?
A) all resources are owned communally
B) economic activity is coordinated by government decision makers
C) the price system is used to guide resources to their highest-valued uses
D) centralized economic planning is used to answer the basic economic questions
E) individual choices are reflected only through collective decisions
Correct Answer:
Verified
Correct Answer:
Verified
Q82: A mixed capitalist economy is one in
Q83: An outward shift of the production possibilities
Q84: The opportunity cost of an activity<br>A)depends on
Q85: Each point along a nation's production possibilities
Q86: Eileen has a comparative advantage over Jan
Q88: If Jason can wash a car in
Q89: Inefficiency is a flaw of a command
Q90: People have less incentive to invest the
Q91: Exhibit 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-4
Q92: Any movement along the production possibilities frontier