Which of the Following Is True of Capitalist Systems

question 16

Multiple Choice

Which of the following is true of capitalist systems?

• A)They emphasize highly regulated markets.
• B)They emphasize private economic decision-making about the goods and services that should be produced.
• C)Governments play a minor role in shaping economic life.
• D)They reject mass production.

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Definitions:

Third Party

An entity that is involved in a transaction or situation but is not one of the two main entities directly involved, often providing an external perspective or service.

Withdrawal

The act of removing funds from a bank account, or retracting from participation in an agreement, situation, or engagement.

Implied Authority

Authority of an agent that is not expressly granted but is assumed to be necessary to perform the duties assigned.

Express Statements

Explicit and direct expressions or declarations made verbally or in writing.