Which of the following is not a typical characteristic of a market system?
A. Private property.
B. Freedom of enterprise.
C. Government ownership of most property resources.
D. Competition in product and resource markets.
Answer: C
Economics
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Suppose that velocity and output are constant and that the quantity theory and the Fisher effect both hold. What happens to inflation, real interest rates, and nominal interest rates when the money supply growth rate increases from 5 percent to 10 percent?
Economics
Which of the following is usually estimated to be between 4.5 and 5 percent?
a. the labor force participation rate b. the natural rate of unemployment c. the rate of frictional unemployment d. the rate of seasonal unemployment
Economics