Market economies are based upon:
A) private property and individual good will toward others.
B) government planning and individual good will toward others.
C) government planning and individual self-interest.
D) private property and individual planning.
Correct Answer:
Verified
Q1: Which of the following is a characteristic
Q4: A market economy:
A) requires government to set
Q7: Private property rights:
A) are essential elements of
Q7: Households supply factors of production to business
Q9: Governments establish the laws that regulate the
Q11: When there are market externalities, the market
Q14: Feudalism and mercantilism relied on markets to
Q15: Markets coordinate economic activity through:
A) the price
Q17: For a market to exist:
A) private property
Q19: Private property rights are essential to market
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