Multiple Choice
The market system is characterized by:
A) extensive government constraints on individual behavior.
B) private ownership of the means of production.
C) government control of all production decisions.
D) government rationing of all goods and services.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: The circular flow model shows that the
Q75: Which is the main problem with the
Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the
Q77: From society's point of view,the economic function
Q78: In the U.S.economy,corporations account for about 20
Q80: In a market system,well-defined property rights are
Q81: The failure of the McDonald's McLean burger
Q82: Why might a company use barter rather
Q83: In the circular flow model,there is a
Q84: A market system is characterized by the