In a socialist economic system,_____.
A) individuals own and operate all businesses
B) very few people work for government organizations
C) competition is restricted in major industries
D) there is no concept of small businesses owned by individuals
E) demand and supply have no role to play in the pricing of products and services
Correct Answer:
Verified
Q51: _ is the price at which the
Q52: In a capitalist economic system,_.
A)the government owns
Q53: Which of the following countries is an
Q54: Which of the following markets is most
Q55: Which of the following statements describes the
Q57: Identify a true statement about a socialist
Q58: Generally,when a retailer announces a discount sale
Q59: Egalitarianism refers to the:
A)exemption of taxes for
Q60: According to Adam Smith,competition:
A)mitigates growth.
B)fosters efficiency.
C)prevents low
Q61: _ exists when there are many small
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