Which of the following is not a typical characteristic of a market system?
A) Private property.
B) Freedom of enterprise.
C) Government ownership of most property resources.
D) Competition in product and resource markets.
Correct Answer:
Verified
Q3: Property rights are important because they
A) ensure
Q6: Competition means that
A) sellers can manipulate market
Q7: The term "laissez-faire" suggests that
A) land and
Q10: Private property
A) discourages cooperation because people don't
Q16: Which of the following is a distinguishing
Q20: Economic systems differ according to which two
Q22: The "coincidence of wants" problem associated with
Q32: Barter
A) is the major means of exchange
Q62: Broadly defined, competition involves
A)private property and freedom
Q89: From society's point of view, the economic
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