We often consider ourselves fortunate to be living in the United States. What are the economic reasons why this is so? Contrast planned and mixed economic systems. What are the advantages and disadvantages of capitalism?
What will be an ideal response?
Responses should identify not only the fact that the market determines what is produced, who benefits from it, and who receives the goods and services, but also on factors such as the importance of competition, and the right to private property. Perhaps the biggest disadvantage of capitalism is the existence of the poor and homeless.
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Applied research:
a. is primarily conducted to broaden knowledge base. b. is primarily aimed at developing new or improved products. c. is also known as pure research. d. primarily involves compiling and analyzing sales strategies of competitors.
An endorsement consisting only of a depositor's name stamp or signature is called a:
a. full endorsement. b. blank endorsement. c. restrictive endorsement. d. bank endorsement. e. none of the above.
What refers to looking at a product's life from design to disposal, including all the resources required?
A) the commons B) a systems view C) the triple bottom line D) shared value E) carbon footprint
A period of economic activity characterized by negative growth, which reduces demand for goods and services, is called:
A. stagnation B. inflation C. recession D. price escalation E. parity