Author Question: Identify a characteristic of capitalism. A) Property belongs to the state rather than ... (Read 168 times)

abarnes · **on:** Jul 1, 2018

Identify a characteristic of capitalism.

A) Property belongs to the state rather than individuals.
B) The state decides what goods and services should be produced.
C) It results in a free market that encourages competition.
D) By investing profits, capitalists can increase their own wealth.
E) In capitalism, the means of production belong to the community.

Question 2

Capitalism is an economic system in which:

A) property belongs to the state rather than individuals.
B) the state decides what goods and services should be produced.
C) competition among the owners of production is discouraged.
D) selling something for more than it costs to produce is forbidden and the government monitors the business transactions among companies.
E) owners of production compete in setting prices that offer consumers the greatest value in price and quality.