In capitalist countries,the government decides what to produce and how the goods and services will be produced.
Level of Learning 1: Knowledge of key terms
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Q35: Due to the fundamental rights afforded to
Q36: Demand refers to the quantity of a
Q37: A basic right under capitalism is the
Q38: Free-market capitalism has made it more difficult
Q39: Adam Smith believed that an economic system
Q41: A surplus currently exists for a product
Q42: Economists refer to a market in which
Q43: In a free market economic system,the lack
Q44: If a shortage exists in a market
Q45: A graphical representation of a demand curve
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