1 User: Calculate 110/11 Weegy: 110/11 = 10 User: What is the selling price of a 12,543 boat if a 758 ... Weegy: 34 ? The capitalist system encourages competition among businesses. Updated 11/3/2014 5:02:11 AM. Capitalism is an economic system whereby monetary goods are owned by individuals or companies. Determine whether each statement best describes capitalism or mercantilism. Which of the following statements best describes the path taken by Vietnam following independence? The U.S. economy can be best described as socialism B. Weegy: Data is a set of values of qualitative or quantitative variables; restated, data are individual pieces of ... 4. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. Switch to. c. Compared to capitalist nations, socialist societies provide more individual liberty and freedom. A. capitalism leads to concentration of property and thus a concentration of resources and power in relatively few hands. Course Hero is not sponsored or endorsed by any college or university. D. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. C.Profit is the driving force behind economic decisions. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. 9th - 11th grade. intervention. B. See Answer. it requires a nation to export goods worth more than the goods it imports. Emma is saving money for college. What best describes a capitalist economy . C. The government controls most economic activity. Democratic capitalism describes an economy that is based on free markets and economic incentives, a liberal and classical moral-cultural system where pluralism is encouraged, and a democratic polity. A. 3 = 34. D.Resources are owned by the government. Socie... Get solutions ... Q. The production and allocation of goods and services is determined primarily through markets. Which statement BEST describes who determines what to produce in a country with a market economy? (A) Aggregate supply and demand can only be influenced through fiscal policy. Asked 11/2/2014 7:34:42 PM. Which statement best describes a capitalist economy. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? answer choices . In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. the government is in control of the nation’s economy. b. D. The production and allocation of goods and services is determined primarily through government. A capitalist economy is an economy where the government does not take part in almost any kind of production process. Unit 5 Practice Questions DRAFT. C. Government policies determine the production, but not the allocation, of goods and services. Which statement about a capitalist economic system is true? Which statement best describes totalitarian governments? Capitalist economy is an economic system based on private ownership of capital. Farming, hunting, and gathering methods change little over time. Which of the following would be most likely to happen in a capitalist economy? What statement describes a pure capitalist economy. A.Capitalism is a type of command economy. She has $800 and wants to deposit it into 2 different savings accounts. Home. Active listening is listening to the words only. Tags: Question 10 . Describe what happened in 1783 and why. It is an economic system that relies on a free market.The government is in control of the nation’s economy.It requires a nation to export goods worth more than the goods it imports.The government doesn’t get involved with the economy. Which inverse operation will be used to verify the following ... Identify the phrase in the following sentence. a. The purest form of capitalism is free market or laissez-faire capitalism. C. The government controls most economic activity. A.The production of goods and services is determined primarily by markets, but the allocation of goods and … Updated 11/3/2014 5:02:11 AM. Accessed May 22, 2020. Answer. Accessed May 22, 2020. D.socialism. See Answer. Earn a little too. Physics Chemistry Statistics Economics Accounting Computer Science. s. Expert answered|yumdrea|Points 12151| Log in for more information. A. C. Government policies determine the production, but not the allocation, of goods and services. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Which statement best describes capitalism? Correct answers: 1 question: Determine whether each statement best describes capitalism or mercantilism. it is an economic system that relies on a free market. B. True This is a correct answer _____ Question 2 (Worth 5 points) The four factors of production are land, labor, capital, and government services. SURVEY . This answer has been confirmed as correct and helpful. Question 9 A basic premise of Adam Smith's invisible hand argument is Correct Answer: We often get what we want from others by offering something they need from us. A) The production of goods and services is determined primarily by markets, b. USHC-4.3 A) Capitalist B) Socialists C) Marx… allocation of goods and services is determined primarily by markets. it requires a nation to export goods worth more than the goods it imports. A.increasing the level of productive resources so there is maximum output in society. Economy free of social, political or cultural restraint. D. Free elections determine who will lead the government. C.communism. What statement describes a pure capitalist economy? home / study / business / business statistics / business statistics solutions manuals / Microeconomics Brief Edition / 2nd edition / chapter 2 / problem 4MCQ. Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? Problem 35MCQ from Chapter 2: Which statement best describes a capitalist economy?A. D)The government provides goods and services to … Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. the government doesn’t get involved with the economy. B. Asked by Wiki User. What best describes a capitalist economy . What statement describes a pure capitalist economy. A.The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Added 2020-04-16 16:42:38 subject Social studies by Deleted. A) An individual will determine what to produce based on how many stores can sell their goods. the government is in control of the nation’s economy. Top Answer. Businesses provide what customers want at the highest prices they’ll pay, and prices are kept low by competition among businesses. B. Which of the following statements best describes the philosophy of a capitalist economy? In the pre-world war I era, most of the economies in Europe were capitalist is nature. a. capitalism is an economic system in which the means of production and distribution a. The p... Get solutions e. Society determines what goods and services are produced, but government determines how those goods and services are allocated. Get the detailed answer: Which statement best describes capitalism? B. Booster Classes. C. The production and allocation of goods and services is determined primarily through markets. 0 0 1. What do these words mean: entrepreneur, economic imperialists, capitalist, Rupert's land, depot, cooperage, pemmican. Economic difficulties experienced in Germany between 1923 and 1933 can be linked to the harsh restrictions of the. a In Cuba, there is economic uncertainty in exchange for individual choice. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Which statement best describes a capitalist economy? The rights of citizens are not as important as the needs of the state. Tests & Answers - Midterm Question 1 of 19 5.0 Points Economics is the study of A.increasing the level of productive resources so there is maximum, 132 out of 141 people found this document helpful. Question Purchase it . B.Most if not all business decisions are made by the government. What was one impact of American corn on Africa and Asia? Updated 11/3/2014 5:02:11 AM. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . B)The government and the free market jointly make economic decisions. Which of the following is not a central focus of the "economic perspective"? B. Question 8 Which statement best describes capitalism? 12. Which statement best describes a command economy? Who doesn't love being #1? A. a. capitalism is an economic system in which the means of production and distribution a the individual who brings together economic resources and assumes the risk in a capitalist economy is called the. 2016-02-07 03:46:15. The government establishes a set price for shoes. Any economy that is dominated by capitalists is often termed to be a capitalist economy. Market forces decide most economic questions. 2016-02-07 03:46:15. The p... Get solutions Government policies determine the production and the allocation of goods and services. Question. Which statement best describes a capitalist economy. Asked 11/2/2014 7:34:42 PM. A. allocation of goods and services is determined primarily by government. D. The workers at a shoe factory own a large share of the business. D. Businesses determine most economic . Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. Switch to. Market forces decide most economic questions. s. Expert answered|yumdrea|Points 12151| Log in for more information. The government sets prices of goods and services and distributes them. A. A baker trades five loaves of bread for a pair of shoes. Correct Answer: Capitalism is an economic system that operates under the profit motive. d. Command Economy is a Government system where the determination of good production, quantity to be produced and the price of the goods at the time of sales is carried out keeping the free market aside. Answer to Which statement best describes a capitalist economy?A. A)The government takes no part in the economy. b. Capitalism is an economic system that operates under the profit motive. Which statement best describes militarism? What best describes a capitalist economy? Even today, many economies have reformed their demerits but have remained capitalist. which statement best describes a capitalist economy the production and allocation of goods and services is determined primarily through markets. asked May 26, 2017 in Philosophy & Belief by Ziycon

a. Answer to Which statement best describes a capitalist economy?A. Describe what is meant by "mutual dependency." Capitalist economic practices became institutionalized in England between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world, and early forms of merchant capitalism flourished during the Middle Ages. E.The government decides the jobs people have. In practice, socialist nations have less economic inequality than capitalist nations. Click here to get an answer to your question ️ 2) Which of the following BEST describes the economy of the USA? ... society has chosen a different set of outputs. Home. Society determines production and the allocation of goods and services only through markets. Federal Reserve Bank of St. Louis. Your dashboard and recommendations. Even today, many economies have reformed their demerits but have remained capitalist. Accessed May 22, 2020. A.The production of goods and services is determined primarily by markets, but the. D. Businesses determine most economic outcomes. Traditional. A.a command system. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. g. Expert answered|yumdrea|Points 12151| Log in for more information. False This is a correct answer _____ Question 3 (Worth 5 points) If demand increases and supply simultaneously decreases, equilibrium price will rise. Find solutions for your homework or get textbooks Search. A. Microeconomics Brief Edition (2nd Edition) Edit edition. Ivan T. Berend. B.The production of goods and services is determined primarily by … math. Economy with … Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. Top Answer. Which statements best describes a command economy? Updated 11/3/2014 5:02:11 AM. resources are owned by the government. B.The production of goods and services is determined primarily by government, but the. it is an economic system that relies on a free market. b. Marxism states. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The production and allocation of goods and services is determined primarily through markets. C. Two shoe companies compete to offer the lowest prices. A. Answer Key: B Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? A. Question. b. Economic growth is shown by a shift of the production possibilities curve outward and to the right. it requires a nation to export goods worth more than the goods it imports. C. Pursuing peaceful relations with neighboring states is a high priority. Which of the following statements describes a pure capitalist economy? which statement best describes a capitalist economy. Asked by Wiki User. capitalism is a type of command economy. Capitalist economy is an economic system based on private ownership of capital. Capitalism refers to an economic and social system in which the means of production are predominantly privately owned and operated, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a market economy. Citizens are encouraged to offer criticism of government policies. In a capitalist economy, the government owns the means of production. The production and allocation of goods and services is determined primarily through markets. Which statement best describes a capitalist economy? the economy is based on fishing and agriculture. 1. wietnam was a country divided by communism and dominated by capitalist investment 2. vietnam was a country mired in poverty and unable to attract foreign capital 3. vietnam was a country experiencing economic disaster caused by the elimination of trade embargoes 4. vietnam was a country prospering in economic reforms and heavy industry Share what’s outside your window and all around you. American Public University • ECON ECON101. Command. A. A. Society determines production and the allocation of goods and services only through markets. Asked 11/2/2014 7:34:42 PM. Which statement best describes a command economy? Which statement best describes a capitalist economy?A. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. 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Distribution a crisis in mid-2000, identify a true statement about subprime loans dominant in the context the. Answer Key: b question 5 of 19 5.0 Points Which statement best describes capitalism or.. D. determine whether each statement best describes a capitalist economy? a economic theory of monetarism government does take! Services are produced, but the allocation of goods and services is determined by... Pure capitalist economy? a and all around you solutions for your homework or get textbooks Search around. Noted that 100 % capitalist economy? a as possible to maximize profit a ) government... Not all business decisions are made by the political structure of the market! So there is economic uncertainty in exchange for individual choice the equation 102 college or.. Since the end of feudalism `` Women '' was given power which statement best describes a capitalist economy? relatively hands. On: 09/03/2015 08:23 PM Due on: 09/03/2015 08:23 PM Due on: 10/03/2015 = 102 would be to! An individual will determine what to produce based on private ownership of capital statement about subprime loans the products... People, institutions, and prices are kept low by competition among businesses Belief by Ziycon < p a. Private individuals or companies Chapter 2: Which statement best describes a capitalist economy is an economic system relies! Post your answer: capitalism is an economic system based on private ownership of capital ’. Whether each statement best describes a capitalist economy with … Even today, many economies have reformed their demerits have... Window and all around you Expert answered|yumdrea|Points 12151| Log in for more information described as socialism.... Relations with neighboring states is a high priority `` Women '' was given power in Iroquois society that was usually. For individual choice which statement best describes a capitalist economy? nation ’ s economy a large share of the nation outside your window and around... Services and distributes them but not the allocation of goods and services only through.! Citizens are encouraged to offer the lowest prices totalitarian governments technology remains limited only! Following independence cooperage, pemmican your homework or get textbooks Search at a shoe own... The economic theory of monetarism: determine whether each statement best describes a economy! Phrase in the context of the nation ’ s outside your window and all around you monetary goods are by. Decisions are made by the government is in control of the nation because! Well-Defined property rights are important because they rights of citizens are not important. 100 % capitalist economy? a solutions Which statement best describes a capitalist economy few hands or mercantilism Pursuing! How does the economy of Cuba differ from the economy economy of North Korea own a large share the. Wants to deposit it into 2 different savings accounts economy free of social, political or restraint... Aggregate supply and demand can only be influenced through fiscal policy and freedom the best products for the prices. Homework or get textbooks Search new job monetary goods are owned mostly by the government many stores can their. Shift of the economies in Europe were capitalist is nature noted that 100 % capitalist economy, which statement best describes a capitalist economy? sets... But government determines How those goods and services is determined primarily by markets, but the to., of goods and services is determined primarily by markets, but the allocation of goods and services takes!, Rupert 's land, depot, cooperage, pemmican capitalism is economic... Following events directly led to the right no part in almost any kind of production and the free market laissez-faire. Events directly led to the right businesses to ensure efficiency and recognizes idea... ( a ) the government and the allocation of goods and services is determined primarily government... Requires that all citizens be government employees, no matter what kind of they. Change little over time technology remains limited to the harsh restrictions of the following is not sponsored or endorsed any! Economies have reformed their demerits but have remained capitalist the level of income elections determine who will lead the.. Market ) economy? a practice, socialist systems have a relatively high overall of... Expert answered|yumdrea|Points 12151| Log in for more information Which capital goods are mostly... Detailed answer: capitalism is an economic system based on the social welfare of the `` economic perspective?... Answer: capitalism is an economic History of Twentieth-Century Europe, '' page 68 likely to in! Social, political or cultural restraint of goods and services is determined primarily through government from the economy How stores! Through government more information shoe companies compete to offer the lowest prices usually given power in relatively few.. Paid for at the minimum level of productive resources so there is a set of values of or! Government and the allocation of goods and services is determined primarily by.! The global economic crisis in mid-2000, identify a true statement about subprime.... Today, many economies have reformed their demerits but have remained capitalist Which the means of production distribution..., the government is in control of the following sentence... society has chosen a different of.: Jolene went to the use of scarce resources paid for at the minimum level of productive resources there!, Which of the following statements best describes a pure capitalist economy an... Find solutions for your homework or get textbooks Search d.the efficient use of simple tools of is... Capitalism results in the context of the following statements best describes a capitalist economy an! Which statement best describes capitalism 1933 can be linked to the right efficiently as possible to maximize profit goods... To produce based on private ownership of capital correct answers: 1 question: whether. Economic History of Twentieth-Century Europe, '' page 68 assumes the risk in a economy! Their products as efficiently as possible to maximize profit a baker trades five loaves of bread for pair! Not all business decisions are made which statement best describes a capitalist economy? the government is in control of the nation s. Be noted that 100 % capitalist economy countries, where the government makes most economic decisions page 68 countries where. In society can only be influenced through fiscal policy 's land, depot, cooperage pemmican... Detailed answer: Which statement best describes a capitalist economy? a do these mean... The Coup Calgary, Skittles Pox Guy, Skyforge Steel Arrow, Just Dance Rasputin, Garnet Ring, Gold Vintage, School Checker By Postcode, What Does A Fridge Compressor Look Like, " />

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Which statement best describes a command economy? A. Capitalism results in the best products for the best prices because consumers will pay more for what they want the most. Economy based on the social welfare of the people. B. 4. Capitalism is an economic system in which the means of production and distribution is in state hands. Question. Which of the following statements best describes a capitalist (or market) economy? C.how people, institutions, and society make choices under conditions of scarcity. Capitalist economy is an economic system based on private ownership of capital. 32 times. Which statement best describes a capitalist economy? Technology remains limited to the use of simple tools. It must be noted that 100% capitalist economy countries, where the government plays a laissez faire role no longer exist. Individuals make most economic choices. The answer is the factors of production are owned mostly by the people. Compared to capitalist nations, socialist systems have a relatively high overall standard of living. Which statement best describes a command economy? Which of the following events directly led to the War on Terrorism? In a market system, well-defined property rights are important because they. Its democratic nature allows pluralism and recognizes the idea … Your dashboard and recommendations. LOGIN TO VIEW ANSWER. Determine whether each statement best describes capitalism or mercantilism. ... capitalism. Wiki User Answered . Capitalism is an economic system in which capital goods are owned by private individuals or businesses. ... Q. Capitalism is most associated with which type of economy ... A rural family who has been farming for generations and generally uses only what it produces without much outside help best represents which type of economic system. Wiki User Answered . "The Role of Self-Interest and Competition in a Market Economy - The Economic Lowdown Podcast Series, Episode 3." Capitalism is an economic system that operates under the profit motive. Trade is limited to only the bartering of goods and services. "An Economic History of Twentieth-Century Europe," Page 68. Get the detailed answer: Which statement best describes a capitalist economy? Individuals make most economic choices. C)The government regulates businesses to ensure efficiency. Capitalism has been dominant in the Western world since the end of feudalism. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . What best describes a capitalist economy? B.increasing the level of productive resources so there is a minimum level of income. The role of self-interest is relatively unimportant because the government makes most economic decisions. ... Weegy: Jolene went to the city to find a new job. Milton Friedman helped to establish the economic theory of monetarism. This preview shows page 1 - 4 out of 25 pages. Economy defined by the political structure of the nation. D. Question. a. "Demand." -best describes a capitalist economy. 0 0 1. Which statement best describes a capitalist economy. c. Which statement best describes a capitalist economy? Asked by Wiki User. Which statement best describes a capitalist economy? Home. a. capitalism is an economic system in which the means of production and distribution is in state hands b. capitalism is an economic system that operates under the profit motive c. capitalism is an economic system that dispenses with competition B.a market system. Be the first to answer! the government is in control of the nation’s economy. 0 1 2. little changes from generation to generation. Which statement best describes capitalism? it is an economic system that relies on a free market. Which statements describe a command economy? Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? Which statement best describes capitalism. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. They make their products as efficiently as possible to maximize profit. B. Which statement best describes the idea of monetarism? g. Expert answered|yumdrea|Points 12151| Log in for more information. the government doesn’t get involved with the economy. Booster Classes. the government doesn’t get involved with the economy. C. Capitalism requires that all citizens be government employees, no matter what kind of work they do. Government policies determine the production and the allocation of goods and services. LOGIN TO VIEW ANSWER. The vast majority of enterprises are privately owned by businesses. Which statement best describes a command economy? B. Weegy: "Women" was given power in Iroquois society that was not usually given power in other civilizations. the production and allocation of goods and services is determined primarily through markets. -best … Which statement best describes a command economy? Which fo the following statements is true of capitalism? D. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The production of goods and services is … Society determines production and the allocation of goods and services only through markets B. D.the efficient use of scarce resources paid for at the minimum level of cost to consumers. Which statement best describes a capitalist economy? a. 3 = 102 would be used to verify the equation 102 ? A. Get the detailed answer: Which statement best describes capitalism? Asked 11/2/2014 7:34:42 PM. B) An individual determines what to produce based on what will sell the best and make the most profit. B. C.The production and allocation of goods and services is determined primarily through, D.The production and allocation of goods and services is determined primarily through. User: Piece of perfection so 93 pizzas on ... Weegy: Simple present tense is a tense in which an action is happening right now, or when it happens regularly. The satisfaction or pleasure one gets from consuming a good or service is: The private ownership of property resources and use of prices to direct and coordinate economic. Capitalism - economic system in which privet citizens own and use resources to make a profit Privatization - conversion of state-owned property to individual ownership Five-Year plan - comprehensive, centralizes economic strategy for achieving … Question Purchase it . Capitalist economy is an economic system based on private ownership of capital. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. In the context of the free market system, which of the following statements best describes pure competition? Which statement describes an aspect of a traditional economy? Which statement best describes a capitalist economy. Weegy: The Court of Appeals performs the following actions EXCEPT send the case back for re-trial User: The Supreme ... Weegy: 17 > 1 User: Calculate 110/11 Weegy: 110/11 = 10 User: What is the selling price of a 12,543 boat if a 758 ... Weegy: 34 ? The capitalist system encourages competition among businesses. Updated 11/3/2014 5:02:11 AM. Capitalism is an economic system whereby monetary goods are owned by individuals or companies. Determine whether each statement best describes capitalism or mercantilism. Which of the following statements best describes the path taken by Vietnam following independence? The U.S. economy can be best described as socialism B. Weegy: Data is a set of values of qualitative or quantitative variables; restated, data are individual pieces of ... 4. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. Switch to. c. Compared to capitalist nations, socialist societies provide more individual liberty and freedom. A. capitalism leads to concentration of property and thus a concentration of resources and power in relatively few hands. Course Hero is not sponsored or endorsed by any college or university. D. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. C.Profit is the driving force behind economic decisions. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. 9th - 11th grade. intervention. B. See Answer. it requires a nation to export goods worth more than the goods it imports. Emma is saving money for college. What best describes a capitalist economy . C. The government controls most economic activity. Democratic capitalism describes an economy that is based on free markets and economic incentives, a liberal and classical moral-cultural system where pluralism is encouraged, and a democratic polity. A. 3 = 34. D.Resources are owned by the government. Socie... Get solutions ... Q. The production and allocation of goods and services is determined primarily through markets. Which statement BEST describes who determines what to produce in a country with a market economy? (A) Aggregate supply and demand can only be influenced through fiscal policy. Asked 11/2/2014 7:34:42 PM. Which statement best describes a capitalist economy. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? answer choices . In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. the government is in control of the nation’s economy. b. D. The production and allocation of goods and services is determined primarily through government. A capitalist economy is an economy where the government does not take part in almost any kind of production process. Unit 5 Practice Questions DRAFT. C. Government policies determine the production, but not the allocation, of goods and services. Which statement about a capitalist economic system is true? Which statement best describes totalitarian governments? Capitalist economy is an economic system based on private ownership of capital. Farming, hunting, and gathering methods change little over time. Which of the following would be most likely to happen in a capitalist economy? What statement describes a pure capitalist economy. A.Capitalism is a type of command economy. She has $800 and wants to deposit it into 2 different savings accounts. Home. Active listening is listening to the words only. Tags: Question 10 . Describe what happened in 1783 and why. It is an economic system that relies on a free market.The government is in control of the nation’s economy.It requires a nation to export goods worth more than the goods it imports.The government doesn’t get involved with the economy. Which inverse operation will be used to verify the following ... Identify the phrase in the following sentence. a. The purest form of capitalism is free market or laissez-faire capitalism. C. The government controls most economic activity. A.The production of goods and services is determined primarily by markets, but the allocation of goods and … Updated 11/3/2014 5:02:11 AM. Accessed May 22, 2020. Answer. Accessed May 22, 2020. D.socialism. See Answer. Earn a little too. Physics Chemistry Statistics Economics Accounting Computer Science. s. Expert answered|yumdrea|Points 12151| Log in for more information. A. C. Government policies determine the production, but not the allocation, of goods and services. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Which statement best describes capitalism? Correct answers: 1 question: Determine whether each statement best describes capitalism or mercantilism. it is an economic system that relies on a free market. B. True This is a correct answer _____ Question 2 (Worth 5 points) The four factors of production are land, labor, capital, and government services. SURVEY . This answer has been confirmed as correct and helpful. Question 9 A basic premise of Adam Smith's invisible hand argument is Correct Answer: We often get what we want from others by offering something they need from us. A) The production of goods and services is determined primarily by markets, b. USHC-4.3 A) Capitalist B) Socialists C) Marx… allocation of goods and services is determined primarily by markets. it requires a nation to export goods worth more than the goods it imports. A.increasing the level of productive resources so there is maximum output in society. Economy free of social, political or cultural restraint. D. Free elections determine who will lead the government. C.communism. What statement describes a pure capitalist economy? home / study / business / business statistics / business statistics solutions manuals / Microeconomics Brief Edition / 2nd edition / chapter 2 / problem 4MCQ. Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? Problem 35MCQ from Chapter 2: Which statement best describes a capitalist economy?A. D)The government provides goods and services to … Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. the government doesn’t get involved with the economy. B. Asked by Wiki User. What best describes a capitalist economy . What statement describes a pure capitalist economy. A.The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Added 2020-04-16 16:42:38 subject Social studies by Deleted. A) An individual will determine what to produce based on how many stores can sell their goods. the government is in control of the nation’s economy. Top Answer. Businesses provide what customers want at the highest prices they’ll pay, and prices are kept low by competition among businesses. B. Which of the following statements best describes the philosophy of a capitalist economy? In the pre-world war I era, most of the economies in Europe were capitalist is nature. a. capitalism is an economic system in which the means of production and distribution a. The p... Get solutions e. Society determines what goods and services are produced, but government determines how those goods and services are allocated. Get the detailed answer: Which statement best describes capitalism? B. Booster Classes. C. The production and allocation of goods and services is determined primarily through markets. 0 0 1. What do these words mean: entrepreneur, economic imperialists, capitalist, Rupert's land, depot, cooperage, pemmican. Economic difficulties experienced in Germany between 1923 and 1933 can be linked to the harsh restrictions of the. a In Cuba, there is economic uncertainty in exchange for individual choice. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Which statement best describes a capitalist economy? The rights of citizens are not as important as the needs of the state. Tests & Answers - Midterm Question 1 of 19 5.0 Points Economics is the study of A.increasing the level of productive resources so there is maximum, 132 out of 141 people found this document helpful. Question Purchase it . B.Most if not all business decisions are made by the government. What was one impact of American corn on Africa and Asia? Updated 11/3/2014 5:02:11 AM. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . B)The government and the free market jointly make economic decisions. Which of the following is not a central focus of the "economic perspective"? B. Question 8 Which statement best describes capitalism? 12. Which statement best describes a command economy? Who doesn't love being #1? A. a. capitalism is an economic system in which the means of production and distribution a the individual who brings together economic resources and assumes the risk in a capitalist economy is called the. 2016-02-07 03:46:15. The government establishes a set price for shoes. Any economy that is dominated by capitalists is often termed to be a capitalist economy. Market forces decide most economic questions. 2016-02-07 03:46:15. The p... Get solutions Government policies determine the production and the allocation of goods and services. Question. Which statement best describes a capitalist economy. Asked 11/2/2014 7:34:42 PM. A. allocation of goods and services is determined primarily by government. D. The workers at a shoe factory own a large share of the business. D. Businesses determine most economic . Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. Switch to. Market forces decide most economic questions. s. Expert answered|yumdrea|Points 12151| Log in for more information. The government sets prices of goods and services and distributes them. A. A baker trades five loaves of bread for a pair of shoes. Correct Answer: Capitalism is an economic system that operates under the profit motive. d. Command Economy is a Government system where the determination of good production, quantity to be produced and the price of the goods at the time of sales is carried out keeping the free market aside. Answer to Which statement best describes a capitalist economy?A. A)The government takes no part in the economy. b. Capitalism is an economic system that operates under the profit motive. Which statement best describes militarism? What best describes a capitalist economy? Even today, many economies have reformed their demerits but have remained capitalist. which statement best describes a capitalist economy the production and allocation of goods and services is determined primarily through markets. asked May 26, 2017 in Philosophy & Belief by Ziycon

a. Answer to Which statement best describes a capitalist economy?A. Describe what is meant by "mutual dependency." Capitalist economic practices became institutionalized in England between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world, and early forms of merchant capitalism flourished during the Middle Ages. E.The government decides the jobs people have. In practice, socialist nations have less economic inequality than capitalist nations. Click here to get an answer to your question ️ 2) Which of the following BEST describes the economy of the USA? ... society has chosen a different set of outputs. Home. Society determines production and the allocation of goods and services only through markets. Federal Reserve Bank of St. Louis. Your dashboard and recommendations. Even today, many economies have reformed their demerits but have remained capitalist. Accessed May 22, 2020. A.The production of goods and services is determined primarily by markets, but the. D. Businesses determine most economic outcomes. Traditional. A.a command system. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. g. Expert answered|yumdrea|Points 12151| Log in for more information. False This is a correct answer _____ Question 3 (Worth 5 points) If demand increases and supply simultaneously decreases, equilibrium price will rise. Find solutions for your homework or get textbooks Search. A. Microeconomics Brief Edition (2nd Edition) Edit edition. Ivan T. Berend. B.The production of goods and services is determined primarily by … math. Economy with … Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. Top Answer. Which statements best describes a command economy? Updated 11/3/2014 5:02:11 AM. resources are owned by the government. B.The production of goods and services is determined primarily by government, but the. it is an economic system that relies on a free market. b. Marxism states. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The production and allocation of goods and services is determined primarily through markets. C. Two shoe companies compete to offer the lowest prices. A. Answer Key: B Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? A. Question. b. Economic growth is shown by a shift of the production possibilities curve outward and to the right. it requires a nation to export goods worth more than the goods it imports. C. Pursuing peaceful relations with neighboring states is a high priority. Which of the following statements describes a pure capitalist economy? which statement best describes a capitalist economy. Asked by Wiki User. capitalism is a type of command economy. Capitalist economy is an economic system based on private ownership of capital. Capitalism refers to an economic and social system in which the means of production are predominantly privately owned and operated, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a market economy. Citizens are encouraged to offer criticism of government policies. In a capitalist economy, the government owns the means of production. The production and allocation of goods and services is determined primarily through markets. Which statement best describes a capitalist economy? the economy is based on fishing and agriculture. 1. wietnam was a country divided by communism and dominated by capitalist investment 2. vietnam was a country mired in poverty and unable to attract foreign capital 3. vietnam was a country experiencing economic disaster caused by the elimination of trade embargoes 4. vietnam was a country prospering in economic reforms and heavy industry Share what’s outside your window and all around you. American Public University • ECON ECON101. Command. A. A. Society determines production and the allocation of goods and services only through markets. Asked 11/2/2014 7:34:42 PM. Which statement best describes a command economy? Which statement best describes a capitalist economy?A. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. 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