Which is a major feature of pure capitalism?
A) price floors and price ceilings in markets
B) reallocation of resources from private to public uses
C) the right to own private property and control resource use
D) central planning by government to provide goods and services
Correct Answer:
Verified
Q26: The Canadian economy most closely approximates:
A)mixed capitalism
B)a
Q27: Competition is more likely to exist when:
A)there
Q28: Which is characteristic of the capitalistic ideology?
A)unselfish
Q29: The market system is an economic system
Q30: By free enterprise, we mean that:
A)products are
Q32: Which statement is correct?
A)The operation of a
Q33: Property rights are important because they:
A)encourage investment
Q34: How do workers typically express self-interest?
A)by minimizing
Q35: Which condition will encourage competition?
A)government licensing requirements
Q36: Which of the following is unique to
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