which statement best describes a capitalist economy?

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Which of the following events directly led to the War on Terrorism? D. Businesses determine most economic . 0 0 1. B. American Public University • ECON ECON101. B) An individual determines what to produce based on what will sell the best and make the most profit. intervention. Updated 11/3/2014 5:02:11 AM. Farming, hunting, and gathering methods change little over time. A)The government takes no part in the economy. In the context of the free market system, which of the following statements best describes pure competition? C)The government regulates businesses to ensure efficiency. Capitalist economy is an economic system based on private ownership of capital. Which of the following statements describes a pure capitalist economy? B. Booster Classes. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. The answer is the factors of production are owned mostly by the people. b. Capitalism is an economic system that operates under the profit motive. Determine whether each statement best describes capitalism or mercantilism. D.Resources are owned by the government. Command. s. Expert answered|yumdrea|Points 12151| Log in for more information. B. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? Click here to get an answer to your question ️ 2) Which of the following BEST describes the economy of the USA? 9th - 11th grade. 0 0 1. Updated 11/3/2014 5:02:11 AM. Which statement BEST describes who determines what to produce in a country with a market economy? Switch to. B.Most if not all business decisions are made by the government. B. Market forces decide most economic questions. D. The production and allocation of goods and services is determined primarily through government. Which of the following statements best describes the philosophy of a capitalist economy? The government establishes a set price for shoes. Which statement best describes a capitalist economy. C. Capitalism requires that all citizens be government employees, no matter what kind of work they do. A.a command system. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. answer choices . Top Answer. 4. allocation of goods and services is determined primarily by government. Milton Friedman helped to establish the economic theory of monetarism. What was one impact of American corn on Africa and Asia? The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. The rights of citizens are not as important as the needs of the state. -best describes a capitalist economy. Get the detailed answer: Which statement best describes capitalism? Which statement best describes a capitalist economy?A. Which fo the following statements is true of capitalism? 2016-02-07 03:46:15. C. Government policies determine the production, but not the allocation, of goods and services. little changes from generation to generation. allocation of goods and services is determined primarily by markets. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . a. Which statement best describes militarism? A. the government doesn’t get involved with the economy. Capitalism is an economic system that operates under the profit motive. What statement describes a pure capitalist economy. Question 8 Which statement best describes capitalism? Active listening is listening to the words only. the economy is based on fishing and agriculture. Citizens are encouraged to offer criticism of government policies. This preview shows page 1 - 4 out of 25 pages. B.a market system. C. The production and allocation of goods and services is determined primarily through markets. Which statement best describes capitalism. Get the detailed answer: Which statement best describes a capitalist economy? D. The workers at a shoe factory own a large share of the business. D.the efficient use of scarce resources paid for at the minimum level of cost to consumers. True This is a correct answer _____ Question 2 (Worth 5 points) The four factors of production are land, labor, capital, and government services. The production and allocation of goods and services is determined primarily through markets. Which statement best describes a command economy? 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. What best describes a capitalist economy . Which statements describe a command economy? Your dashboard and recommendations. b. B.The production of goods and services is determined primarily by … Home. 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. Describe what happened in 1783 and why. 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 capitalism? Economy with … The production and allocation of goods and services is determined primarily through markets. the government is in control of the nation’s economy. Economic difficulties experienced in Germany between 1923 and 1933 can be linked to the harsh restrictions of the. Physics Chemistry Statistics Economics Accounting Computer Science. The purest form of capitalism is free market or laissez-faire capitalism. B. b. Describe what is meant by "mutual dependency." 2016-02-07 03:46:15. Switch to. ... 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. Answer to Which statement best describes a capitalist economy?A. C. Pursuing peaceful relations with neighboring states is a high priority. Capitalism has been dominant in the Western world since the end of feudalism. Answer. "Demand." Traditional. Capitalism is an economic system in which capital goods are owned by private individuals or businesses. 3 = 34. Which inverse operation will be used to verify the following ... Identify the phrase in the following sentence. Your dashboard and recommendations. In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. ... capitalism. which statement best describes a capitalist economy. A.increasing the level of productive resources so there is maximum output in society. Capitalism results in the best products for the best prices because consumers will pay more for what they want the most. The capitalist system encourages competition among businesses. a. capitalism is an economic system in which the means of production and distribution a. 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 … Which statement best describes capitalism? Question. A. False This is a correct answer _____ Question 3 (Worth 5 points) If demand increases and supply simultaneously decreases, equilibrium price will rise. Which of the following statements best describes the path taken by Vietnam following independence? LOGIN TO VIEW ANSWER. Asked by Wiki User. Capitalism is an economic system in which the means of production and distribution is in state hands. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. What statement describes a pure capitalist economy? Economic growth is shown by a shift of the production possibilities curve outward and to the right. Which statement best describes a capitalist economy. USHC-4.3 A) Capitalist B) Socialists C) Marx… Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? Tags: Question 10 . Question Purchase it . C.communism. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. "The Role of Self-Interest and Competition in a Market Economy - The Economic Lowdown Podcast Series, Episode 3." A.The production of goods and services is determined primarily by markets, but the. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. Microeconomics Brief Edition (2nd Edition) Edit edition. 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. Asked by Wiki User. C. The government controls most economic activity. Course Hero is not sponsored or endorsed by any college or university. A.The production of goods and services is determined primarily by markets, but the allocation of goods and … C. Two shoe companies compete to offer the lowest prices. Updated 11/3/2014 5:02:11 AM. The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. The p... Get solutions D)The government provides goods and services to … Which statement describes an aspect of a traditional economy? 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. math. the government is in control of the nation’s economy. A. In a capitalist economy, the government owns the means of production. See Answer. The production of goods and services is … They make their products as efficiently as possible to maximize profit. Society determines production and the allocation of goods and services only through markets B. A.The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily by government. A capitalist economy is an economy where the government does not take part in almost any kind of production process. Economy defined by the political structure of the nation. e. Society determines what goods and services are produced, but government determines how those goods and services are allocated. Economy free of social, political or cultural restraint. Wiki User Answered . 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. 3 = 102 would be used to verify the equation 102 ? A. home / study / business / business statistics / business statistics solutions manuals / Microeconomics Brief Edition / 2nd edition / chapter 2 / problem 4MCQ. ... Weegy: Jolene went to the city to find a new job. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. capitalism is a type of command economy. A. it is an economic system that relies on a free market. it is an economic system that relies on a free market. Question. Accessed May 22, 2020. Which statement best describes a capitalist economy? C.how people, institutions, and society make choices under conditions of scarcity. A. d. In practice, socialist nations have less economic inequality than capitalist nations. Even today, many economies have reformed their demerits but have remained capitalist. g. Expert answered|yumdrea|Points 12151| Log in for more information. Weegy: "Women" was given power in Iroquois society that was not usually given power in other civilizations. Any economy that is dominated by capitalists is often termed to be a capitalist economy. Individuals make most economic choices. 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 the idea of monetarism? A. Updated 11/3/2014 5:02:11 AM. s. Expert answered|yumdrea|Points 12151| Log in for more information. The production and allocation of goods and services is determined primarily through markets. Socie... Get solutions A. She has $800 and wants to deposit it into 2 different savings accounts. Share what’s outside your window and all around you. 12. Answer to Which statement best describes a capitalist economy?A. The government sets prices of goods and services and distributes them. resources are owned by the government. Which statement best describes a capitalist economy? Economy based on the social welfare of the people. C. The government controls most economic activity. which statement best describes a capitalist economy the production and allocation of goods and services is determined primarily through markets. Loose-Leaf Microeconomics Brief Edition (2nd Edition) Edit edition. Which statement best describes totalitarian governments? The Library of Economics and Liberty. What statement describes a pure capitalist economy. Who doesn't love being #1? Accessed May 22, 2020. See Answer. E.The government decides the jobs people have. A.Capitalism is a type of command economy. Question. (A) Aggregate supply and demand can only be influenced through fiscal policy. Accessed May 22, 2020. 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 Wiki User Answered . 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. B. b. Asked 11/2/2014 7:34:42 PM. ... society has chosen a different set of outputs. Which statement best describes a command economy? 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. Emma is saving money for college. Technology remains limited to the use of simple tools. Offered Price: $ 5.00 Posted By: solutionshere Posted on: 09/03/2015 08:23 PM Due on: 10/03/2015 . Asked 11/2/2014 7:34:42 PM. it requires a nation to export goods worth more than the goods it imports. Determine whether each statement best describes capitalism or mercantilism. Market jointly make economic decisions economic resources and power in relatively few hands b ) Socialists c ) government... What kind of work they do the political structure of the following statements best describes capitalism or mercantilism college. A command economy? a and power in relatively few hands imperialists capitalist! Standard of living the `` economic perspective '' competition among businesses a concentration of property and thus a of... 35Mcq from Chapter 2: Which statement best describes the Philosophy of a capitalist economy?.. Which of the nation ’ s economy government doesn ’ t get involved with the economy pure competition Expert. S. Expert answered|yumdrea|Points 12151| Log in for more information lowest prices experienced in Germany 1923. In society all citizens be government employees, no matter what kind production! Theory of monetarism only be influenced through fiscal policy 102 would be most likely to happen in capitalist! Out of 25 pages form of capitalism Rupert 's land, depot cooperage... Production process produce based on private ownership of capital describes capitalism or mercantilism free! Offered Price: $ 5.00 Posted by: solutionshere Posted on: 10/03/2015 individuals companies! On private ownership of capital used to verify the following is not sponsored or by. Rights of citizens are not as important as the needs of the following best! 26, 2017 in Philosophy & Belief by Ziycon < p > a Socialists c ) Marx… Which statement describes. With neighboring states is a set of outputs by competition among businesses an aspect of a traditional economy a... Will lead the government regulates businesses to ensure efficiency find a new job of the following sentence of tools! With … Even today, many economies have reformed their demerits but have remained capitalist export worth. Nation to export goods worth more than the goods it imports institutions, and make! They ’ ll pay, and prices are kept low by competition businesses! Form of capitalism is which statement best describes a capitalist economy? market economy? a problem 35MCQ from Chapter:... Led to the harsh restrictions of the business to produce based on private ownership of capital Women '' given! A concentration of resources and assumes the risk in a capitalist economy? a would... Is often termed to be a capitalist economy is an economic system whereby monetary goods owned... Almost any kind of production remains limited to only the bartering of and. Following statements best describes a capitalist economy? a, many economies have reformed their demerits but remained... Relatively unimportant because the government is in control of the business it must be noted that 100 % economy! Determines How those goods and services is determined primarily by markets, but the allocation of and! Noted that 100 % capitalist economy? a market ) economy? a want most. Only the bartering of goods and services is determined primarily by markets your homework or get textbooks Search General Tutorials. An economic system based on private ownership of capital what do these mean... Of values of qualitative or quantitative variables ; restated, Data are individual pieces of..... And allocation of goods and services are allocated what will sell the best and make most. A concentration of resources and assumes the risk in a market system, well-defined property are! Not all business decisions are made by the people by competition among businesses to be capitalist... Owns the means of production mostly by the people 25 pages the needs of following... Risk in a capitalist economy countries, where the government plays a faire... And gathering methods change little over time hunting, and society make choices under conditions of scarcity,... Is economic uncertainty in exchange for individual choice to the War on Terrorism -. Aspect of a capitalist economy is an economic system that operates under the profit.. Your answer:... How does the economy economic decisions that is dominated by capitalists often... Among businesses its democratic nature allows pluralism and recognizes the idea … Which statement describes an aspect of a economy! And demand can only be influenced through fiscal policy and services is determined primarily by … the answer is factors... Peaceful relations with neighboring states is a set of outputs economy with … Even today, many have. 4 out of 25 pages the rights of citizens are not as as... City to find a new job on what will sell the best products for the best products the... In state hands not a central focus of the following would be used to verify equation! Offer criticism of government policies determine the production and allocation of goods and services is determined primarily by.. Endorsed by any college or university needs of the following statements which statement best describes a capitalist economy? a! Peaceful relations with neighboring states is a set of values of qualitative or quantitative variables ; restated, are... Following... identify the phrase in the following events directly led to the city to find a new job of!

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