menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 43
  4. Exam
    Exam 2: B: The Market System and the Circular Flow
  5. Question
    Which Is a Major Feature of the Market System
Solved

Which Is a Major Feature of the Market System

Question 72

Question 72

Multiple Choice

Which is a major feature of the market system?


A) price floors and price ceilings in all markets
B) reallocation of all resources from private to public uses
C) the right to own private property and control resource use
D) central planning by government to provide goods and services

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q67: Which is a major feature of pure

Q68: Competition is more likely to exist when:<br>A)there

Q69: If competitive industry Y is incurring substantial

Q70: The term consumer sovereignty means that:<br>A)consumers are

Q71: Competition denotes a condition where:<br>A)there is only

Q73: In a market system, well-defined property rights

Q74: In the circular flow model:<br>A)households supply factors

Q75: Which fundamental question about a competitive market

Q76: Labour, land, and capital are examples of:<br>A)factors

Q77: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines