Multiple Choice
The form of economic organization in which productive resources are privately owned by individuals, and those individuals independently decide what to produce is called
A) communism.
B) capitalism.
C) socialism.
D) utilitarianism.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Which of the following would not be
Q42: Prices help coordinate all phases of production
Q43: _ refers to an increase in the
Q44: A market structure where many sellers offer
Q45: Balthazar and Artemis are cousins who grow
Q47: If consumers suddenly have a greater desire
Q48: When there are many producers of an
Q49: The _ a good or service is,
Q50: List the four ground rules for a
Q51: The United States Postal Service (USPS) is