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
Q7: The private ownership of property resources and
Q16: In a capitalistic economy:
A) consumers are not
Q17: Which is a major feature of the
Q18: Another term for capitalism is the:
A) command
Q19: Which would not be characteristic of a
Q22: How do workers typically express self-interest?
A) By
Q23: How does human specialization contribute to an
Q24: A characteristic of the market system is:
A)
Q25: Which statement best describes a capitalist economy?
A)
Q26: A market system is best characterized by:
A)
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