A system that is organized by markets is called:
A) socialist
B) communist
C) democratic
D) autocratic
E) capitalist
Correct Answer:
Verified
Q19: Profit comes from:
A) the value labor produces
Q20: Wages are the same as:
A) the value
Q21: If people produce more than the value
Q22: The value of all commodities is determined
Q23: In systems where labor is a commodity,
Q25: Competition means that:
A) productivity increases
B) wages decrease
C)
Q26: Marginal utility means:
A) the uses you have
Q27: In systems of household production, people might
Q28: All useful things are the product of
Q29: Justice is not supposed to be a
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