Multiple Choice
Peter Principal is the prime minister of the nation of Urbania.Peter has called for Urbania's legislature to enact new legislation designed to shift his economy away from socialism toward a more capitalistic system.Peter has acknowledged that such a radical change will entail some hardships,and that some citizens will be unhappy with the changes in the economy.The most likely source of unhappiness associated with a move toward capitalism is:
A) people will have less economic freedom.
B) the distribution of wealth will become less equal.
C) less wealth will be created.
D) tax rates will have to increase.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Under the basic principle of supply, as
Q41: The four basic types of employment are
Q44: In recent years,government leaders in Canada have
Q46: John complained to his buddy,Frank,that the prices
Q47: Adam Smith believed that countries would prosper
Q48: At the equilibrium point the quantity consumers
Q49: Which of the following would be a
Q50: Under monopolistic competition,product differentiation is a key
Q71: If the quantity supplied in a market
Q262: Product differentiation is a key to success