Which of the following does not foster innovation and technological advance?
A) Competition in markets
B) Freedom of choice and enterprise
C) Self-interest and personal rewards
D) Fear and avoidance of risk
Correct Answer:
Verified
Q18: In a market system, self-interest is the
Q19: Laissez-faire capitalism is characterized by:
A) Very limited
Q20: The market system is also known as:
A)
Q21: International specialization and trade:
A) Has to be
Q22: All of the following statements describe a
Q24: The Heritage Foundation in 2012 ranked which
Q25: Competition in a market system denotes a
Q26: Anything that is generally acceptable in trading
Q27: A production system where various workers concentrate
Q28: In a capitalist system, the decisions and
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