In the mercantilist system:
A) markets, rather than political forces, make the central economic decisions.
B) serfs make the central economic decisions.
C) governments let the market decide what to produce.
D) governments distributed the rights to produce.
Correct Answer:
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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
Q28: Capitalism:
A) is based on private property and
Q29: Suppose that at the current price, waffle
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
Q34: In practice, distribution under socialism is primarily
Q35: A socialist economy in theory:
A) requires private
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