Capitalism:
A) is based on private property and the market.
B) does not have a rationing mechanism.
C) gives private property rights to government.
D) relies on market forces to establish initial property rights.
Correct Answer:
Verified
Q23: Which of the following is not one
Q24: Most economies today are:
A) pure market economies.
B)
Q25: In a feudalist society, in comparison with
Q26: The Industrial Revolution was important to the
Q27: In principle, socialism is:
A) less concerned about
Q29: Suppose that at the current price, waffle
Q30: In the mercantilist system:
A) markets, rather than
Q31: Market and socialist economies can be contrasted
Q32: In socialism:
A) economic forces do not operate.
B)
Q33: Through most of the 20th century in
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