The market system is also known as:
A) Capitalism
B) Socialism
C) Central planning
D) Production system
Correct Answer:
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Q15: Capitalism gets its name from the fact
Q16: One major element of the command system
Q17: Laissez-faire capitalism limits the government's economic functions
Q18: In a market system, self-interest is the
Q19: Laissez-faire capitalism is characterized by:
A) Very limited
Q21: International specialization and trade:
A) Has to be
Q22: All of the following statements describe a
Q23: Which of the following does not foster
Q24: The Heritage Foundation in 2012 ranked which
Q25: Competition in a market system denotes a
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