Capitalism is an economic system in which _____.
A. property belongs to the state rather than individuals
B. the state decides what goods and services should be produced
C. competition among the owners of production is discouraged
D. selling somethingfor more than it costs to produce is forbidden and the government monitors business transactions among companies
E. owners of production compete in setting prices that offer consumers the greatest value in price and quality
Answer: E
You might also like to view...
In the early 2000's, approximately _____ percent of subprime loans required little or no income verification
a. 60 b. 50 c. 30 d. 10
A new spin on an old concept to give an older relative both privacy and proximity to family is known as a(an)
A. accessory dwelling unit. B. cluster housing. C. adult day care. D. assisted living.
Describe Durkheim's view of fatalistic and anomic suicide
What will be an ideal response?
Jillian earned $10 per hour as gallery assistant. This money represents her __________.
A. income B. wealth C. earning potential D. net worth