Multiple Choice
Private property and freedom of choice in a market system have the following implications, except
A) individuals are free to take on the financial risks involved in a business.
B) trades that take place in the economy are mutually agreeable transactions among individuals.
C) economic agents are allowed to act in their own self-interest.
D) large firms are allowed to coerce other firms and individuals.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Money functions as a medium of exchange
Q36: McDonald's introduced the Big Mac in 1968,
Q39: In analyzing a market system, economists often
Q45: (Last Word) According to economist Donald Boudreaux,<br>A)
Q86: The dollar votes of consumers ultimately determine
Q171: The major "success indicator" for business managers
Q221: Central planning often suffers from a coordination
Q239: Consumers express self-interest when they<br>A)seek the lowest
Q252: The market system communicates changes in market
Q270: A characteristic of the market system is<br>A)