What is the equilibrium price and quantity under perfect competition?

Which of the following is not a characteristic of pure capitalism?

a. private property rights b. competitive markets c. laissez-faire policies d. central planning e. a reliance on prices to direct resources to their best uses

The Earned Income Tax Credit provides a tax credit or rebate to

a. businesses that undertake investment expenditures. b. taxpayers with incomes greater than $100,000. c. persons with low incomes who are working. d. single parent families when the parent stays home to take care of the children.