Which of the following is unique to a market economy system?
A) the extensive use of capital goods
B) private ownership of property resources
C) specialization
D) the use of money
Correct Answer:
Verified
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
Q38: The term "mixed economy" refers to an
Q39: Consumers express self-interest when they:
A)reduce business losses.
B)collect
Q40: The market system is characterized by:
A)extensive government
Q41: Consider a barter situation where you have
Q95: The competitive market system
A)encourages innovation because government
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