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In a market capitalist economy: Choose one answer. a . factors of production are

ID: 1183113 • Letter: I

Question

In a market capitalist economy: Choose one answer. a. factors of production are owned privately and decisions about their use are basically made by individuals.
b. factors of production are owned by the government but decisions about their use are made privately.
c. private ownership exists but decisions about resource allocation are usually made centrally by the government.
d. there is no role for the government.
In a market capitalist economy: Choose one answer. a. factors of production are owned privately and decisions about their use are basically made by individuals.
b. factors of production are owned by the government but decisions about their use are made privately.
c. private ownership exists but decisions about resource allocation are usually made centrally by the government.
d. there is no role for the government.
In a market capitalist economy: Choose one answer. a. factors of production are owned privately and decisions about their use are basically made by individuals.
b. factors of production are owned by the government but decisions about their use are made privately.
c. private ownership exists but decisions about resource allocation are usually made centrally by the government.
d. there is no role for the government.
Choose one answer. a. factors of production are owned privately and decisions about their use are basically made by individuals.
b. factors of production are owned by the government but decisions about their use are made privately.
c. private ownership exists but decisions about resource allocation are usually made centrally by the government.
d. there is no role for the government.

Explanation / Answer

a. factors of production are owned privately and decisions about their use are basically made by individuals.

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