PracticeQuestions1b (1).pdf - Practice Questions 104 1b...

Practice Questions 104 1b
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1)
Which would not be characteristic of a capitalist economy?
1) _______
A)
reliance on the market system
B)
competition and unrestricted markets
C)
free enterprise and choice
D)
government ownership of the means of production
2)
The term "mixed economy" refers to an economy:
2) _______ 3)
The market system is characterized by:
3) _______
4)
Which statement is correct?
4) _______
1