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Author Question: Ben wants to open a business in a country that allows him to own property privately, make a personal ... (Read 59 times)

khang

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on: Jul 2, 2018
Ben wants to open a business in a country that allows him to own property privately, make a personal profit, and compete openly against other firms. In general he prefers that the government stay out of his business. He would like to open his business in a __________ system.
 
  A) socialist
  B) capitalist
  C) communist
  D) democratic

Question 2

When an economic system is based on ownership of the means of production by the people for their collective benefit it is classified as a __________ system.
 
  A) capitalist
  B) socialist
  C) democratic socialist
  D) corporatist


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Heffejeff

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Reply #1 on: Jul 2, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


khang

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Reply 2 on: Jul 2, 2018
Excellent

ghepp

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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