An advantage of capitalism is that
A) It allows the market to self-regulate and clear itself
B) It allows a person to follow his or her own self interest
C) It allows voluntary transactions,which create wealth
D) All of the above
Correct Answer:
Verified
Q22: A creative entrepreneur is one who knows
Q23: If you are willing to sell your
Q24: Taxes cause:
A)Market distortions
B)A reduction in incentives to
Q25: Your cellular phone contract is due for
Q26: Wealth creating transactions are more likely to
Q28: Price ceilings are primarily intended to help
A)No
Q29: Price floors are primarily intended to help
A)No
Q30: Technological advancement creates unemployment in firms that
Q31: A retailer X that is operating at
Q32: Price gouging
A)Outlaw trade at prices above a
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