Which of the following is a characteristic of the marketing economy phase of the American economy?
A) People were self-sufficient and produced everything they needed at home,including food,clothing,and furniture.
B) People found natural resources such as coal and iron ore and used them to produce goods such as horseshoes.
C) Farm families who produced surplus goods sold or traded them for things they could not produce themselves.
D) Expensive goods such as cars and appliances could be purchased on a time-payment plan.
E) Factories began to spring up along the railways to manufacture farm equipment and a variety of other goods to be shipped by rail.
Correct Answer:
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