Multiple Choice
Which statement best describes a capitalist economy?
A) Society determines production and the allocation of goods and services only through markets.
B) Government policies determine the production and the allocation of goods and services.
C) Government policies determine the production,but not the allocation,of goods and services.
D) The role of individual self-interest is relatively unimportant because government makes most economic decisions.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Specialization and trade are beneficial to society
Q8: Which is not one of the Four
Q9: A division of labor enhances society's output
Q10: A competitive economy assumes each industry consists
Q11: The money income of households consists of
Q13: Individual property rights are the right of
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the
Q15: In 1997,McDonald's introduced the "55-cent special." It
Q16: Capitalism is an economic system that:<br>A) produces
Q17: Which is necessary to make a trade