Which would not be characteristic of a capitalist economy?
A) government ownership of the means of production
B) competition and unrestricted markets
C) reliance on the market system
D) free enterprise and choice
Correct Answer:
Verified
Q8: The economy of North Korea most closely
Q9: Money functions as a medium of exchange
Q10: A division of labour enhances society's output
Q11: Households and businesses are both suppliers in
Q12: Property rights do not encourage people to
Q14: The "invisible hand" refers to the many
Q15: The command system is also known as:
A)the
Q16: In a competitive market economy, firms and
Q17: The term "laissez faire" suggests that:
A)land and
Q18: Today, China's economy most closely approximates:
A)pure capitalism
B)a
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