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

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Practice Questions 104 1bMULTIPLE 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 systemB)competition and unrestricted marketsC)free enterprise and choiceD)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) _______
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Term
Winter
Professor
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