Which of the Following Characteristics Is Least Unique to a Market

question 194

Multiple Choice

Which of the following characteristics is least unique to a market system?

• A) private ownership of property resources
• B) competition among buyers and sellers pursuing monetary returns
• C) the widespread use of money
• D) freedom of enterprise and choice

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Definitions:

Motorcycle

A two-wheeled vehicle powered by an engine, designed for travel on public roads and often used for recreation or transportation.

Opportunity Cost

Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Tractor

A powerful vehicle designed primarily for agricultural use, to pull farm machinery and plough agricultural land.

Motorcycle

A two-wheeled motorized vehicle, widely used for both transportation and recreation.