The regulatory mechanism of the market system is:
A) self-interest.
B) private property.
C) competition.
D) specialization.
Correct Answer:
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Q1: A fundamental difference between the command system
Q2: Which of the following is a distinguishing
Q4: The division of labor means that
A) labor
Q5: Examples of command economies are
A) the United
Q7: Which of the following is a fundamental
Q9: Command systems are also known as
A) market
Q11: Of the following countries, which one best
Q12: Copyrights and trademarks are examples of
A) capital
Q30: Specialization in production is important primarily because
Q76: The French term "laissez-faire" means
A)"there is no
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