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book M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell cover

M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Edition 3ISBN: 0073524581
book M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell cover

M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Edition 3ISBN: 0073524581
Exercise 98

The American economic system is best described as _____________________ because the government regulates business to preserve competition and protect consumers and employees.

A. socialism

B. laissez-faire capitalism

C. modified capitalism

D. communism

E. business ownership

Explanation
Verified
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A. socialism B. laissez-faire capitalism ...

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M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
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