Saturday, July 9, 2011

Which of the following is a characteristic of pure capitalism?

ECONOMICS

Multiple Choice

Which of the following is a characteristic of pure capitalism?

a.all resources are owned communally

b.economic activity is coordinated by government decision makers

c.the price system is used to guide resources to their highest-valued uses

d.centralized economic planning is used to answer the basic economic questions

e.individual choices are reflected only through collective decisions

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