By free enterprise, we mean that:
A) products are provided free to those who can't afford to buy them.
B) individual producers determine how to produce, but government agencies determine what will be produced.
C) individuals may obtain resources, organize production, and sell the resulting output in any legal way they choose.
D) individuals are free to produce those products that government agencies determine can be produced profitably.
Correct Answer:
Verified
Q25: Competition means that:
A)sellers can cause artificial product
Q26: The Canadian economy most closely approximates:
A)mixed capitalism
B)a
Q27: Competition is more likely to exist when:
A)there
Q28: Which is characteristic of the capitalistic ideology?
A)unselfish
Q29: The market system is an economic system
Q31: Which is a major feature of pure
Q32: Which statement is correct?
A)The operation of a
Q33: Property rights are important because they:
A)encourage investment
Q34: How do workers typically express self-interest?
A)by minimizing
Q35: Which condition will encourage competition?
A)government licensing requirements
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