The private ownership of property and the use of the market ...

[asd123]

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

[vickyvicksss]

Answer to Question 1

c

Answer to Question 2

True

[asd123]

Thanks for the timely response, appreciate it

[shailee]

Excellent