A capitalist system depends on fair competition among businesses to:
A) be consistent with the goals of socialism.
B) buy and sell government securities.
C) guarantee that every individual business earns profits.
D) drive higher quality and lower prices.
Question 2
An import duty has the effect of all of the following except
A) reducing the number of units exported.
B) raising the price of the product in the importing nation.
C) reducing the number of units imported.
D) creating a trade restriction.
E) protecting a domestic industry from competition.
The different types of competition in nature.
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