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    Macroeconomics Study Set 68
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    Exam 2: The Market System and the Circular Flow
  5. Question
    A Market System Is Characterized by the Private Ownership of Resources
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A Market System Is Characterized by the Private Ownership of Resources

Question 250

Question 250

True/False

A market system is characterized by the private ownership of resources and the use of prices to
coordinate economic activity.

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