Multiple Choice
Which of the following is characteristic of planned economic systems?
A) There is a deep suspicion of the exploitation that can occur when individuals pursue their own self-interests.
B) Innovative entrepreneurs are rewarded for taking risks and solving problems in new ways.
C) There is an assumption that the laws of supply and demand will allow some to profit and some to fail.
D) There is a complete elimination of private property.
Correct Answer:
Verified
Correct Answer:
Verified
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