The form of economic organization in which individuals may own private property but in which the government owns and operates productive resources is called
A) communism.
B) capitalism.
C) socialism.
D) utilitarianism.
Question 2
Which of the following situations describing a resource allocation method most resembles the market price method?
A) Food from the Weld County Food Bank is distributed to families in need.
B) Lattes are sold at Starbucks.
C) Jose works at Intel. His manager tells him what work needs to be completed each month.
D) Matt's mother had the rule that whoever cuts the cake chooses their slice last.
E) Seventy percent of Austin's chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets.
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economic question