Multiple Choice
Private enterprise requires which four elements to function effectively?
A) Communism, capitalism, socialism, and privatization
B) The right to product safety, consumer choice, freedom of information, and no government intervention in business
C) Land, labour, capital, and entrepreneurship
D) Supply, demand, equilibrium, and monopoly
E) Private property rights, freedom of choice, profits, and competition
Correct Answer:

Verified
Correct Answer:
Verified
Q25: Socialist economies may stifle economic growth because<br>A)
Q26: The law of supply states that<br>A) buyers
Q27: When individual firms are small and the
Q28: Which of the following is correct with
Q29: What is "supply"?<br>A) The idea that sellers
Q31: List one major benefit and one major
Q32: What is the difference between deregulation and
Q33: In economic terms, a "market" refers to
Q34: A demand and supply schedule is derived
Q35: Anon Corporation is a manufacturer of Widgets.