Multiple Choice
The competitive market system
A) encourages innovation because government provides tax breaks and subsidies to those who develop new products or new productive techniques.
B) discourages innovation because it is difficult to acquire additional capital in the form of new machinery and equipment.
C) discourages innovation because firms want to get all the profits possible from existing machinery and equipment.
D) encourages innovation because successful innovators are rewarded with economic profits.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Freedom of enterprise<br>A) is a characteristic that
Q67: Which of the following is the main
Q89: Refer to the provided figure. If box
Q91: Bitcoin mining operations tend to maximize profits
Q93: Costs can be defined as total payments
Q95: Government bailouts of failing businesses, like banks
Q96: Which of the following statements about self-interest
Q97: The following table illustrates alternative production techniques
Q98: One basic problem faced by central planners,
Q99: Which of the following helps explain why