Pure capitalism is sometimes referred to as
A) a command system.
B) a socialistic system.
C) a ceteris paribus system.
D) a laissez-faire system.
Correct Answer:
Verified
Q105: People who favour laissez-faire believe that
A)the government
Q106: The "invisible hand" refers to
A)the ways in
Q107: An inefficient factory is likely to close
Q108: The principle of comparative advantage states that
A)countries
Q109: If output of a good or service
Q111: Specialization according to the comparative advantage principle
Q112: Specialization and trade
A)benefit rich countries and harm
Q113: Specialization according to the principle of comparative
Q114: The "terms of trade" principle refers to
Q115: In a pure capitalist economy the least-cost
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