In the United States and in most other developed capitalist economies,the government
A) typically plays a significant role in allocating resources and redistributing income.
B) serves to enforce property rights,but plays no role in the allocation of society's resources.
C) is primarily concerned with central planning.
D) employs less than 1% of the labor force.
E) None of the choices are truE.
Correct Answer:
Verified
Q23: In reality,all economic systems are
A)mixed.
B)command.
C)capitalistiC.
D)democratic.
E)socialistic.
Q25: In a pure capitalist economy,"what to produce"
Q26: The nation closest to a centrally planned,socialist
Q27: Economist John Kenneth Galbraith has argued that
Q28: Which is true about the means of
Q29: Most economists in the U.S.believe that the
Q31: Each of these is a basic characteristic
Q34: Karl Marx and Friedrich Engels believed that
Q42: The Chinese economy was set back by
A)the
Q59: In a centrally planned economic system,who decides
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