Author Question: The private ownership of property and the use of the market system to direct and coordinate economic ... (Read 148 times)

asd123 · **on:** Jun 30, 2018

The private ownership of property and the use of the market system to direct and coordinate economic activity is most characteristic of:
a. a command economy.
b. a mixed economy.
c. a market economy.
d. a traditional economy.

Question 2

Increases in the burdens of government regulations can make production more costly for producers, shifting the short run aggregate supply curve left; it can also reduce potential output, shifting the long-run aggregate supply curve left.
a. True
b. False
Indicate whether the statement is true or false