Private ownership of most of the means of production is common to
A) capitalism and communism.
B) capitalism and fascism.
C) capitalism and socialism.
D) fascism and communism.
Correct Answer:
Verified
Q1: Adam Smith believed that the best way
Q2: Which statement is true?
A)American industry is very
Q3: The government performs each of the following
Q4: Which statement is false?
A)Under Soviet communism,government planning
Q5: Which statement is true?
A)The communist system of
Q7: In the circular flow model,businesses
A)demand both products
Q8: Sweden and Norway would best be described
Q9: In order for the price mechanism to
Q10: Which statement is false?
A)Under our economic system,most
Q11: A socialist economy is characterized by
A)an extensive
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