Multiple Choice
By free enterprise,we mean that:
A) products are provided free to those who cannot afford to buy them.
B) individual producers determine how to produce,but government agencies determine what will be produced.
C) individuals may obtain resources,organize production,and sell the resulting output in any legal way they choose.
D) individuals are free to produce those products that government agencies determine can be produced profitably.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: One of the most important economic resources
Q52: In a market economy,the money incomes of
Q53: The market system is said to be
Q54: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the
Q55: In the simple circular flow model:<br>A) households
Q56: In the market system,prices tend to guide
Q58: Which is characteristic of the market system?<br>A)
Q59: A basic characteristic of a command system
Q60: The idea that firms and resource suppliers,while
Q61: The economy of North Korea would best