Which of the following is true of market systems?
a. In market systems, business activity is coordinated by the state.
b. Market systems work better in the absence of states.
c. Market systems ensure an equitable division of goods.
d. In market systems, production is for profit.
Answer: d
You might also like to view...
The protest movement of debt-ridden farmers facing foreclosures on their homes and farms was known as which of the following?
A. The Boston Tea Party B. The Boston Massacre C. Shays' Rebellion D. Bloody Thursday E. The Farmers' Rebellion
Constitutional amendments outlawing the use of medicinal marijuana have been approved by voters in almost every state
Indicate whether this statement is true or false.
Which of the following was a result of the Fifteenth Amendment to the U.S. Constitution?
A. elimination of slavery in the states B. application of "due process" to the states C. prevention of racial discrimination in voting D. establishment of a national income tax
Why is budgetmaking an important political power for governors across the country?
a. The legislature must follow the provisions in the governor's budget. b. The governor's budget is extensive and the legislature must approve it by the start of the next fiscal year. c. The governor has fewer institutional powers over the budget than any other area of state governance. d. The amount of state revenue is designated by numerous gubernatorial earmarks throughout the budget.