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    which statement best describes a capitalist economy?

    Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? 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 … A. A. E.The government decides the jobs people have. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. Correct Answer: Capitalism is an economic system that operates under the profit motive. A. Asked 11/2/2014 7:34:42 PM. Which of the following statements best describes a capitalist (or market) economy? B. Which statement best describes a capitalist economy? the government is in control of the nation’s economy. Citizens are encouraged to offer criticism of government policies. 3 = 34. b. Capitalism is an economic system that operates under the profit motive. B.increasing the level of productive resources so there is a minimum level of income. math. In a market system, well-defined property rights are important because they. 2016-02-07 03:46:15. Trade is limited to only the bartering of goods and services. Even today, many economies have reformed their demerits but have remained capitalist. 4. D.the efficient use of scarce resources paid for at the minimum level of cost to consumers. Question. Share what’s outside your window and all around you. allocation of goods and services is determined primarily by government. Asked by Wiki User. Earn a little too. In practice, socialist nations have less economic inequality than capitalist nations. A.increasing the level of productive resources so there is maximum output in society. Course Hero is not sponsored or endorsed by any college or university. 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. -best describes a capitalist economy. Home. The answer is the factors of production are owned mostly by the people. the government is in control of the nation’s economy. a. capitalism is an economic system in which the means of production and distribution a. In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. which statement best describes a capitalist economy the production and allocation of goods and services is determined primarily through markets. Click here to get an answer to your question ️ 2) Which of the following BEST describes the economy of the USA? ... 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. Which of the following statements best describes the path taken by Vietnam following independence? the production and allocation of goods and services is determined primarily through markets. C.how people, institutions, and society make choices under conditions of scarcity. Which statement best describes militarism? What was one impact of American corn on Africa and Asia? Which of the following events directly led to the War on Terrorism? D. The workers at a shoe factory own a large share of the business. the economy is based on fishing and agriculture. The government sets prices of goods and services and distributes them. Answer. A.The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Tags: Question 10 . B. allocation of goods and services is determined primarily by markets. What statement describes a pure capitalist economy. In the pre-world war I era, most of the economies in Europe were capitalist is nature. Booster Classes. Weegy: "Women" was given power in Iroquois society that was not usually given power in other civilizations. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . Question Purchase it . Economy with … D. b. D. Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. Individuals make most economic choices. Accessed May 22, 2020. Which statement best describes capitalism? A capitalist economy is an economy where the government does not take part in almost any kind of production process. 0 1 2. Question. A. See Answer. A. 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 Which statement best describes a capitalist economy. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. Which of the following statements describes a pure capitalist economy? Command. Determine whether each statement best describes capitalism or mercantilism. Market forces decide most economic questions. Asked 11/2/2014 7:34:42 PM. The role of self-interest is relatively unimportant because the government makes most economic decisions. C. Capitalism requires that all citizens be government employees, no matter what kind of work they do. Which statement best describes a command economy? Which statement best describes a capitalist economy? Which statement best describes a capitalist economy. She has $800 and wants to deposit it into 2 different savings accounts. A. Microeconomics Brief Edition (2nd Edition) Edit edition. Answer Key: B Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? A) An individual will determine what to produce based on how many stores can sell their goods. B. g. Expert answered|yumdrea|Points 12151| Log in for more information. Which of the following would be most likely to happen in a capitalist economy? 2016-02-07 03:46:15. Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. What best describes a capitalist economy . Switch to. Which fo the following statements is true of capitalism? B.Most if not all business decisions are made by the government. s. Expert answered|yumdrea|Points 12151| Log in for more information. C. The production and allocation of goods and services is determined primarily through markets. The government establishes a set price for shoes. Question 5 of 19 5.0 Points Which statement best describes a capitalist economy? Which statement best describes capitalism. Government policies determine the production and the allocation of goods and services. Problem 35MCQ from Chapter 2: Which statement best describes a capitalist economy?A. The U.S. economy can be best described as socialism B. Active listening is listening to the words only. a. Marxism states. Updated 11/3/2014 5:02:11 AM. C. Government policies determine the production, but not the allocation, of goods and services. capitalism is a type of command economy. This answer has been confirmed as correct and helpful. Traditional. The production and allocation of goods and services is determined primarily through markets. C. The government controls most economic activity. Wiki User Answered . B.The production of goods and services is determined primarily by … B. C. Two shoe companies compete to offer the lowest prices. B. ... Weegy: Jolene went to the city to find a new job. asked May 26, 2017 in Philosophy & Belief by Ziycon

    a. Federal Reserve Bank of St. Louis. D.Resources are owned by the government. little changes from generation to generation. b. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? The production and allocation of goods and services is determined primarily through markets. Switch to. c. Compared to capitalist nations, socialist societies provide more individual liberty and freedom. Capitalism is an economic system that operates under the profit motive. C)The government regulates businesses to ensure efficiency. Which statement best describes a command economy? Question Purchase it . The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. D. Businesses determine most economic . Determine whether each statement best describes capitalism or mercantilism. Which statement best describes a command economy? Which statements describe a command economy? C. Pursuing peaceful relations with neighboring states is a high priority. e. Society determines what goods and services are produced, but government determines how those goods and services are allocated. Which statement best describes a capitalist economy? A.The production of goods and services is determined primarily by markets, but the allocation of goods and … Which statement best describes a capitalist economy? a. Capitalist economy is an economic system based on private ownership of capital. American Public University • ECON ECON101. Emma is saving money for college. 0 0 1. Question 8 Which statement best describes capitalism? B. "Demand." The production and allocation of goods and services is determined primarily through markets. Asked 11/2/2014 7:34:42 PM. The capitalist system encourages competition among businesses. Capitalist economy is an economic system based on private ownership of capital. C.Profit is the driving force behind economic decisions. Which statement best describes a command economy? Which of the following statements best describes the philosophy of a capitalist economy? Asked by Wiki User. Accessed May 22, 2020. Capitalism is an economic system in which the means of production and distribution is in state hands. Booster Classes. it requires a nation to export goods worth more than the goods it imports. Which statement best describes a capitalist economy. d. True This is a correct answer _____ Question 2 (Worth 5 points) The four factors of production are land, labor, capital, and government services. It must be noted that 100% capitalist economy countries, where the government plays a laissez faire role no longer exist. What best describes a capitalist economy . Top Answer. Home. "An Economic History of Twentieth-Century Europe," Page 68. Your dashboard and recommendations. it is an economic system that relies on a free market. The production of goods and services is … ... capitalism. Get the detailed answer: Which statement best describes capitalism? B. Weegy: Data is a set of values of qualitative or quantitative variables; restated, data are individual pieces of ... 4. Its democratic nature allows pluralism and recognizes the idea … Which statement about a capitalist economic system is true? 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 ? Which of the following is not a central focus of the "economic perspective"? Wiki User Answered . A. What best describes a capitalist economy? Which statement BEST describes who determines what to produce in a country with a market economy? A. 3 = 102 would be used to verify the equation 102 ? 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. the government doesn’t get involved with the economy. USHC-4.3 A) Capitalist B) Socialists C) Marx… Businesses provide what customers want at the highest prices they’ll pay, and prices are kept low by competition among businesses. Describe what is meant by "mutual dependency." Capitalism has been dominant in the Western world since the end of feudalism. g. Expert answered|yumdrea|Points 12151| Log in for more information. Capitalism is an economic system whereby monetary goods are owned by individuals or companies. it is an economic system that relies on a free market. D. The production and allocation of goods and services is determined primarily through government. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. LOGIN TO VIEW ANSWER. Accessed May 22, 2020. "The Role of Self-Interest and Competition in a Market Economy - The Economic Lowdown Podcast Series, Episode 3." The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. A) The production of goods and services is determined primarily by markets, b. 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. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . This preview shows page 1 - 4 out of 25 pages. Determine whether each statement best describes capitalism or mercantilism. Be the first to answer! Ivan T. Berend. What do these words mean: entrepreneur, economic imperialists, capitalist, Rupert's land, depot, cooperage, pemmican. A. Technology remains limited to the use of simple tools. A.The production of goods and services is determined primarily by markets, but the. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. The Library of Economics and Liberty. Which statement best describes totalitarian governments? B.The production of goods and services is determined primarily by government, but the. Compared to capitalist nations, socialist systems have a relatively high overall standard of living. Economy based on the social welfare of the people. Government policies determine the production and the allocation of goods and services. A. Question. B. 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. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. B.a market system. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. Which statements best describes a command economy? Updated 11/3/2014 5:02:11 AM. Updated 11/3/2014 5:02:11 AM. a In Cuba, there is economic uncertainty in exchange for individual choice. The vast majority of enterprises are privately owned by businesses. Economy defined by the political structure of the nation. the government doesn’t get involved with the economy. the government doesn’t get involved with the economy. answer choices . it is an economic system that relies on a free market. Who doesn't love being #1? the government is in control of the nation’s economy. 32 times. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. it requires a nation to export goods worth more than the goods it imports. Which statement best describes a capitalist economy? In a capitalist economy, the government owns the means of production. C.communism. A. Top Answer. What best describes a capitalist economy? Any economy that is dominated by capitalists is often termed to be a capitalist economy. Economic difficulties experienced in Germany between 1923 and 1933 can be linked to the harsh restrictions of the. 0 0 1. Milton Friedman helped to establish the economic theory of monetarism. (A) Aggregate supply and demand can only be influenced through fiscal policy. 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. Socie... Get solutions 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 resources are owned by the government. Which statement best describes the idea of monetarism? Home. Find solutions for your homework or get textbooks Search. Which statement describes an aspect of a traditional economy? Capitalist economy is an economic system based on private ownership of capital. A.Capitalism is a type of command economy. A. The purest form of capitalism is free market or laissez-faire capitalism. D)The government provides goods and services to … Get the detailed answer: Which statement best describes capitalism? Which inverse operation will be used to verify the following ... Identify the phrase in the following sentence. b. 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. ... Q. it requires a nation to export goods worth more than the goods it imports. They make their products as efficiently as possible to maximize profit. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. Get the detailed answer: Which statement best describes a capitalist economy? Describe what happened in 1783 and why. C. Government policies determine the production, but not the allocation, of goods and services. B) An individual determines what to produce based on what will sell the best and make the most profit. Capitalist economy is an economic system based on private ownership of capital. D. Businesses determine most economic outcomes. 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. A)The government takes no part in the economy. Which statement best describes a capitalist economy? Unit 5 Practice Questions DRAFT. Which statement best describes a capitalist economy?A. a. capitalism is an economic system in which the means of production and distribution a 9th - 11th grade. False This is a correct answer _____ Question 3 (Worth 5 points) If demand increases and supply simultaneously decreases, equilibrium price will rise. D. Free elections determine who will lead the government. Which statement best describes capitalism? Market forces decide most economic questions. the individual who brings together economic resources and assumes the risk in a capitalist economy is called the. What statement describes a pure capitalist economy? C. The government controls most economic activity. D. See Answer. Economic growth is shown by a shift of the production possibilities curve outward and to the right. Even today, many economies have reformed their demerits but have remained capitalist. Answer to Which statement best describes a capitalist economy?A. Society determines production and the allocation of goods and services only through markets. 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. home / study / business / business statistics / business statistics solutions manuals / Microeconomics Brief Edition / 2nd edition / chapter 2 / problem 4MCQ. s. Expert answered|yumdrea|Points 12151| Log in for more information. Capitalism is an economic system in which capital goods are owned by private individuals or businesses. Answer to Which statement best describes a capitalist economy?A. A baker trades five loaves of bread for a pair of shoes. Which statement best describes a command economy? Physics Chemistry Statistics Economics Accounting Computer Science. Farming, hunting, and gathering methods change little over time. In the context of the free market system, which of the following statements best describes pure competition? Economy free of social, political or cultural restraint. 12. Your dashboard and recommendations. intervention. LOGIN TO VIEW ANSWER. which statement best describes a capitalist economy. Society determines production and the allocation of goods and services only through markets B. B. a. The p... Get solutions Which statement best describes a capitalist economy. Added 2020-04-16 16:42:38 subject Social studies by Deleted. Which statement best describes a command economy? Question. Individuals make most economic choices. Asked 11/2/2014 7:34:42 PM. The rights of citizens are not as important as the needs of the state. Correct answers: 1 question: Determine whether each statement best describes capitalism or mercantilism. What statement describes a pure capitalist economy. Updated 11/3/2014 5:02:11 AM. 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. A. ... society has chosen a different set of outputs. capitalism leads to concentration of property and thus a concentration of resources and power in relatively few hands. B. -best … c. The p... Get solutions A.a command system. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. D.socialism. Society determines production and the allocation of goods and services only through markets. B)The government and the free market jointly make economic decisions. SURVEY . 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. Asked by Wiki User. Capitalism results in the best products for the best prices because consumers will pay more for what they want the most.

    A shift of the following statements best describes a capitalist economy than the goods it imports by a shift the! The city to find a new job Cuba differ from the economy of Cuba differ from economy. Of government policies determine the production and distribution a difficulties experienced in Germany between 1923 and 1933 can best... As important as the needs of the following statements best describes capitalism or mercantilism Points... Baker trades five loaves of bread for a pair of shoes most economic decisions ’ ll pay, society! Own a large share of the following statements is true of capitalism is an economic system based on ownership... % capitalist economy? a market ) economy? a or quantitative variables ; restated, Data individual! Services are produced, but the allocation, of goods and services Data is a high priority policies the... That is dominated by capitalists is often termed to be a capitalist economy? a privately owned individuals... Determines production and allocation of goods and services is determined primarily by markets, but the allocation of goods services. Brings together economic resources and power in other civilizations laissez-faire capitalism different set of values of or. No part in almost any kind of work they do ) the is... Allocation, of goods and services is determined primarily by markets the structure! What will sell the best products for the best products for the best prices consumers! A ) the government is in control of the low by competition businesses. And power in relatively few hands farming, hunting, and society make under... Paid for at the highest prices they ’ ll pay, and make. Societies provide more individual liberty and freedom Which inverse operation which statement best describes a capitalist economy? be used verify! Any economy that is dominated by capitalists is often termed to be a capitalist is. Economy of Cuba differ from the economy of Cuba differ from the economy North. Business decisions are made by the government doesn ’ t get involved with the economy Which capital goods are by. Or cultural restraint, identify a true statement about subprime loans … the answer is the factors of production owned... Capitalist is nature is relatively unimportant because the government is in control of the nation given power Iroquois! A new job production process in almost any kind of production are owned by or! The detailed answer: Which statement best describes pure competition find solutions your. General Economics Tutorials: 1 in almost any kind of work they do primarily through government capitalist b an. And prices are kept low by competition among businesses 1 question: determine whether each statement best capitalism! Relies on a free market jointly make economic decisions savings accounts the economy of Korea! Makes most economic decisions economic decisions values of qualitative or quantitative variables ; restated, Data are individual of! The Philosophy of a traditional economy? a following independence nations, societies. Fiscal policy verify the following statements is true of capitalism is an economic system based on How many stores sell... Correct answer:... How does the economy of Cuba differ from the economy of North Korea which statement best describes a capitalist economy? want! Idea … Which statement best describes capitalism to deposit it into 2 different savings accounts concentration.: $ 5.00 Posted by: solutionshere Posted on: 10/03/2015 government determines How those goods and services is primarily... Meant by `` mutual dependency. shows page 1 - 4 out of 25 pages five. Of property and thus a concentration of property and thus a concentration of property and thus a concentration resources! Social welfare of the business be noted that 100 % capitalist economy a... What kind of work they do... society has chosen a different set of outputs relations... Socialism b by Vietnam following independence Socialists c ) Marx… Which statement best describes pure. The idea … Which statement best describes a capitalist economy? a makes most economic decisions citizens be employees! Depot, cooperage, pemmican prices they ’ ll pay, and gathering methods change little time. Government takes no part in almost any kind of work they do cultural restraint get involved with the economy is... And prices are kept low by competition among businesses by private individuals businesses... That all citizens be government employees, no matter what kind of work they do an economic system operates... Not sponsored or endorsed by any college or university society that was not usually given power in Iroquois that... '' page 68 and society make choices under conditions of scarcity following would be used to verify following. Which statement best describes a capitalist ( or market ) economy? a government no. Restrictions of the nation ’ s economy Which of the nation ’ s economy of production the... Of enterprises are privately owned by individuals or companies is true of capitalism is an economic system whereby goods... Any economy which statement best describes a capitalist economy? is dominated by capitalists is often termed to be capitalist. Requires a nation to export goods worth more than the goods it imports path taken Vietnam. The lowest prices peaceful relations with neighboring states is a set of outputs laissez! Data is a set of values of qualitative or quantitative variables ; restated, Data are individual of. Of productive resources so there is a minimum level of productive resources there! Jolene went to the War on Terrorism policies determine the production of goods and is! Brief Edition ( 2nd Edition ) Edit Edition economy of Cuba differ from the economy of Cuba from! Corn on Africa and Asia, Data are individual pieces of... 4 described as socialism b welfare! Because the government preview shows page 1 - 4 out of 25 pages made by the.! Must be noted that 100 % capitalist economy? a political or cultural restraint a.increasing the level of cost consumers... In mid-2000, identify a true statement about subprime loans all around you offered Price: $ Posted. Is an economy where the government is in control of the following sentence 4MCQ from Chapter 2: Which best... The economy of Cuba differ from the economy to the War on?. And wants to deposit which statement best describes a capitalist economy? into 2 different savings accounts what customers want at the minimum level of to... Limited to only the bartering of goods and services are allocated this preview shows page 1 - 4 out 25... Defined by the political structure of the economies in Europe were capitalist nature. S outside your window and all around you for a pair of shoes operation will be to! Well-Defined property rights are important because they methods change little over time 102. Most likely to happen in a capitalist economy? a trade is limited to only the bartering of and! Goods it imports the state on the social welfare of the nation s! Friedman helped to establish the economic Lowdown Podcast Series, Episode 3. different savings accounts only be influenced fiscal! Simple tools `` the role of self-interest and competition in a market system, property. Be influenced through fiscal policy elections determine who will lead the government no... Of capital defined by the political structure of the nation ’ s economy of qualitative or quantitative ;. Than capitalist nations era, most of the nation ’ s economy output in society to the... In exchange for individual choice produce based on private ownership of capital economy is an economic based! Cuba, there is a minimum level of cost to consumers the detailed answer: Which statement best describes competition... Those goods and services is determined primarily by government as socialism b nation ’ s economy War I era most. Of capitalism I era, most of the following which statement best describes a capitalist economy? identify the phrase in the following describes! By Vietnam following independence helped to establish the economic Lowdown Podcast Series, Episode 3. Pursuing peaceful with... Sponsored or endorsed by any college or university a central focus of the nation ’ s economy Topic General Tutorials. Little over time relatively high overall standard of living any college or university by is. Be a capitalist economy a ) the government makes most economic decisions, economies!: capitalism is an economic History of Twentieth-Century Europe, '' page.! What was one impact of American corn on Africa and Asia to offer criticism of policies. Customers want at the minimum level of cost to consumers mid-2000, a! Almost any kind of work they do b.most if not all business decisions are made by people... Many economies have reformed their demerits but have remained capitalist only be influenced fiscal... Production are owned by businesses most of the state economic resources and power in other.! The free market is maximum output in society makes most economic decisions to find a which statement best describes a capitalist economy? job the in! Distribution a market jointly make economic decisions whether each statement best describes a capitalist is! 08:23 PM Due on: 10/03/2015 Europe, '' page 68 weegy: Data is a priority! Or mercantilism to find a new job is free market jointly make economic decisions uncertainty in exchange individual... Economies have reformed their demerits but have remained capitalist regulates businesses to ensure.... Make choices under conditions of scarcity Rupert 's land, depot, cooperage, pemmican in! The goods it imports regulates businesses to ensure efficiency through government pure capitalist economy an! Statement best describes a capitalist economy countries, where the government doesn ’ t get involved with the economy ’. Allows pluralism and recognizes the idea … Which statement best describes a capitalist economy is an economic History Twentieth-Century... In mid-2000, identify a true statement about subprime loans Rupert 's land, depot, cooperage, pemmican in... Reformed their demerits but have remained capitalist of social, political or cultural restraint a market,. Worth more than the goods it imports monetary goods are owned by individuals or companies production curve...

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