Which of the following is most important for the successful functioning of any economy?
A) Clearly understood and generally accepted rules.
B) Common and reasonably specific goals for people to pursue.
C) Greed.
D) Low taxes relative to income.
E) Sufficient purchasing power to buy all of an economy's goods and services.
A
Economics
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What motivates the actions of entrepreneurs in markets?
A) profits. B) cost savings. C) revenue. D) prestige.
Economics
Communist theory calls for each of the following except
A. the abolition of private property. B. from each according to his ability, to each according to his needs. C. the free operation of the forces of demand and supply. D. the means of production owned by the government and/or by the workers.
Economics