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Author Question: Which of the following is characteristic of a free-market economy? (Read 169 times)

wqwpfwpoefnpwenf

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on: Oct 12, 2022

Question 1

Profit-motivated product and process innovation is primarily a characteristic of ________ systems.
◦ socialist
◦ centrally planned
◦ market
◦ monopolistic
◦ oligopolistic

Question 2

Which of the following is characteristic of a free-market economy?
◦ Market failures are automatically corrected.
◦ Economic power is centralized.
◦ Government intervention is essential.
◦ Temporary shortages and surpluses become permanent.
◦ Profits and losses provide signals to other economic agents.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by wqwpfwpoefnpwenf on Oct 12, 2022

3ginamay

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wqwpfwpoefnpwenf

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lindahyatt42

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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