In market capitalism:
A) factors of production are privately owned and decisions are made privately.
B) factors of production are owned by the government but decisions are made privately.
C) there is no role for government.
D) the consumer has few choices to make.
Ans: A) factors of production are privately owned and decisions are made privately.
Economics
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Which of the following decreases aggregate demand?
A) The government increases taxes on both business and personal income. B) Foreign incomes rise. C) The quantity of money in the economy increases. D) Households believe that the economy is headed for good times, with higher future incomes.
Economics
Of the following nations, the country with the highest saving rate is
A) the United States. B) Japan. C) Mexico. D) Ethiopia.
Economics