Which of the Following Is Not a Characteristic of Pure

question 121

Multiple Choice

Which of the following is not a characteristic of pure capitalism?

• A)Private property rights
• B)Competitive markets
• C)Laissez-faire policies
• D)Central planning
• E)A reliance on prices to direct resources to their best uses

Recognize the importance of biodiversity, including species, genetic, and ecosystem diversity.

Identify methods and practices that promote the conservation and sustainable use of natural resources.

Comprehend the impact of human activities on biodiversity and ecosystem function.

Describe the goals and methods of restoration ecology.

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a particular input, holding all other inputs constant.

Explicit Costs

Costs that involve direct monetary payment by a firm for the resources needed in production, such as wages and materials.

Implicit Costs

The opportunity costs of utilizing resources owned by the company for its operations instead of other purposes.