In both capitalist and mixed economies,the answer to "for whom" to produce goods and service
A) involves only positive statements.
B) does not depend on the ownership of resources.
C) is made by government decision-makers.
D) is based on the distribution of incomes and wealth among households.
Correct Answer:
Verified
Q114: The "terms of trade" principle refers to
Q115: In a pure capitalist economy the least-cost
Q116: People who argue in favour of laissez-faire
A)believe
Q117: The benefits from specialization and trade are
Q118: Three Ps of capitalism are
A)prices,performance,and progress.
B)prices,privilege,and profits.
C)privilege,production,and
Q120: People who argue against laissez-faire
A)believe the government
Q121: Give examples of reasons why some people
Q122: "The United States can't gain from trading
Q123: Explain the differences between a command economy,a
Q124: Explain why comparative advantage rather than absolute
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents