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:

International Operations

Business activities that a company conducts outside its home country, including sales, manufacturing, and production.

Production Costs

The total cost incurred by a business to manufacture a product or to provide a service. This includes materials, labor, and overhead costs.

Forward Rate

An agreed-upon exchange rate for currencies to be traded at a future date, used in forward contracts.

Israeli Shekel

The official currency of Israel.