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Which of the following is a characteristic of a market economy? O Private property O Government...
Which of the following statements is false? In a market economy, firms do not interact with...
Which of the following statements is false? In a market economy, firms do not interact with consumers In both centrally planned and market economies, the three essential economic questions are what, how, and for whom. O In a market economy, decisions concerning the three essential questions result from interactions taking place in markets. O The two alternative approaches to the three essential questions are market economies and command economies. 0 In a centrally planned economy, decisions concerning the three essential...
Which of the following is NOT a characteristic of socialism? The government redistributes wealth the population...
Which of the following is NOT a characteristic of socialism? The government redistributes wealth the population through wages and services. The government manages the economy in the interests of the workers. A O Production is for private profit. The government owns hospitals and farms Which of the following theories of social change argues that change reflects a cycle of growth and decline? conflict theory functionalist theory collective behavior theory rise and fall theories Which of the following theories of social...
Which of these is not a naturascharacteristic of property rights in O Property is open to the public when private o...
Which of these is not a naturascharacteristic of property rights in O Property is open to the public when private owners are not home O They are claims or demands that we have the right to require the O They are irrevocable without due process from the government O Property rights do not lessen with time Question 2
Which of these is not a naturascharacteristic of property rights in O Property is open to the public when private owners are...
Which of the following is true of a capitalist economy? The means of economic production and...
Which of the following is true of a capitalist economy? The means of economic production and distribution are privately held. The primary motivation for economic activity is to achieve collective goals. The government is responsible for market regulation. The production of goods and services is based on human need. 2 attempts remaining Submit
Market economies are based on private enterprise, which means Group of answer choices there is no...
Market economies are based on private enterprise, which means Group of answer choices there is no private property. private companies control the government. economic decision-making happens through markets.
1.In a capitalist economy, the market value of something is determined by......and....... Prices are the quantification...
1.In a capitalist economy, the market value of something is determined by......and....... Prices are the quantification of those values in terms of the money that is used. When the supply of something is high, relative to demand, the price will be........ When the demand for something is .........relative to the supply, the price will be high. When the....... for something is low relative to the......., the price will be high. Prices play an important role in the market economy because...
Which of the following is a problem with a market economy? a) there is no reward...
Which of the following is a problem with a market economy? a) there is no reward for initiative. b) Government finds it difficult to coordinate the plans of producers and households. c) Government finds it difficult to decide which goods and services to produce. d) The goods which are produced are distributed according to current patterns of income and wealth
Free market capitalism is characterized by which of the following? (2pts) private ownership of resources and...
Free market capitalism is characterized by which of the following? (2pts) private ownership of resources and decentralized decision- making private ownership of resources and centralized decision- making collective ownership of resources and decentralized decision- making. collective ownership of resources and centralized decision- making.
Which of the following statements best describes the relationship today between government and the economy in the United States
2. Which of the following statements best describes the relationship today between government and the economy in the United States?a. The economy is largely self-regulating.b. The government subsidizes economic interests but otherwise leaves them to operate as they please.c. The government is the driving force in the U.S. economy; business has a secondary role.d. The government has an important role in regulating and maintaining the U.S. economy.e. The government owns most of the means of production in the United States.I...
Which of the following is NOT a characteristic of due process: Select one: a. It requires...
Which of the following is NOT a characteristic of due process: Select one: a. It requires the government to provide fair procedures (e.g., a hearing) before depriving a person of property b. it requires the court to scrutinize legislation affecting fundamental rights to ensure that it is necessary to promote a compelling interest c. It is required when the government affects an individual's life, liberty, or property d. Both substantive and procedural process are required e. It allows the government...
Which of the following statements is false? In a market economy, firms do not interact with consumers In both centrally planned and market economies, the three essential economic questions are what, how, and for whom. O In a market economy, decisions concerning the three essential questions result from interactions taking place in markets. O The two alternative approaches to the three essential questions are market economies and command economies. 0 In a centrally planned economy, decisions concerning the three essential...
Which of the following is NOT a characteristic of socialism? The government redistributes wealth the population through wages and services. The government manages the economy in the interests of the workers. A O Production is for private profit. The government owns hospitals and farms Which of the following theories of social change argues that change reflects a cycle of growth and decline? conflict theory functionalist theory collective behavior theory rise and fall theories Which of the following theories of social...
Which of these is not a naturascharacteristic of property rights in O Property is open to the public when private owners are not home O They are claims or demands that we have the right to require the O They are irrevocable without due process from the government O Property rights do not lessen with time Question 2
Which of these is not a naturascharacteristic of property rights in O Property is open to the public when private owners are...
Which of the following is true of a capitalist economy? The means of economic production and distribution are privately held. The primary motivation for economic activity is to achieve collective goals. The government is responsible for market regulation. The production of goods and services is based on human need. 2 attempts remaining Submit
Free market capitalism is characterized by which of the following? (2pts) private ownership of resources and decentralized decision- making private ownership of resources and centralized decision- making collective ownership of resources and decentralized decision- making. collective ownership of resources and centralized decision- making.
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