Multiple Choice
Which of the following characteristics is least unique to a market system?
A) Private ownership of property resources.
B) Competition among buyers and sellers pursuing monetary returns.
C) The widespread use of money.
D) Freedom of enterprise and choice.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: A market system tends to restrict business
Q10: Enterprise managers and workers in the Soviet
Q53: Barter<br>A) is the major means of exchange
Q59: Continued losses in an industry will cause
Q64: The most efficient combination of resources in
Q67: The market system's answer to the fundamental
Q92: The wants of consumers are expressed in
Q101: The French term "laissez-faire" means<br>A)"there is no
Q142: "Under central planning, some group has to
Q259: Specialization in production is important primarily because