Which of the Following Is a Characteristic of Pure Capitalism

question 87

Multiple Choice

Which of the following is a characteristic of pure capitalism?

• A)all resources are owned communally
• B)economic activity is coordinated by government decision makers
• C)the price system is used to guide resources to their highest-valued uses
• D)centralized economic planning is used to answer the basic economic questions
• E)individual choices are reflected only through collective decisions

---

Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.

Common Cause Variation

The variation in a process that is random and inherent to the process itself, as opposed to being caused by identifiable factors.

Conjugate Acid

The species formed when a base gains a proton (H+), effectively showing the protonated form of the base.

Conjugate Base

The species that remains after a Bronsted-Lowry acid has donated a proton, capable of accepting a proton to reform the acid.