According to economists
A) market capitalism is the best system available and some government intervention and regulation can either help or harm the social interest.
B) market capitalism is the best system available and any government intervention and regulation will inevitably harm the social interest.
C) centrally planned socialism is the best system available since governments generally make decisions that are in social interest.
D) centrally planned socialism and pure market capitalism are equally capable of promoting social interest, but a mixed economy is an undesirable compromise between the two that will harm social interest.
Correct Answer:
Verified
Q105: The opportunity cost of any action is
A)
Q106: You have the choice of going to
Q107: The night before a midterm exam, you
Q108: Which of the following statements are CORRECT?
I.
Q109: John has two hours of free time
Q111: On Saturday morning, you rank your choices
Q112: Today, Julie attended her 12:30 Economics class.
Q113: Opportunity cost means the
A) accounting cost minus
Q114: Opportunity cost is best defined as
A) how
Q115: The loss of the highest-valued alternative defines
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