Multiple Choice
A characteristic of the market system is
A) extensive use of direct or manual methods of production.
B) a focus on labor, as opposed to capital resources.
C) reliance on the use of capital goods in indirect modes of production.
D) avoidance of producing goods that do not satisfy consumer wants directly.
Correct Answer:
Verified
Correct Answer:
Verified
Q264: Economic systems differ according to which two
Q265: The competitive market system<br>A) encourages innovation because
Q266: Of the following countries, which one best
Q267: In terms of the circular flow diagram,
Q268: "Creative destruction" in a market system is
Q269: Which of the following is a characteristic
Q271: The economic function of profits and losses
Q272: Most market economies, such as the U.S.
Q273: In terms of the circular flow diagram,
Q274: Which of the following does not foster