The Economic Freedom Associated with a ________ Creates Greater Incentives

question 39

Multiple Choice

The economic freedom associated with a ________ creates greater incentives for innovation and entrepreneurship than either a planned or a mixed economy.

• A) closed economy
• B) political economy
• C) market economy
• D) command economy

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Definitions:

Smartphones

Mobile phones with advanced computing capabilities, including internet access and the ability to run various applications.

Single-Parent Households

Households headed by one adult, typically a mother or father, raising one or more children without the presence or involvement of the other parent.

Student Motivation

The level of enthusiasm, drive, and persistence that a student shows towards achieving educational objectives.

Entity Approach

A conceptual framework where businesses or organizations are seen as separate entities from the owners and managers, especially in accounting and legal perspectives.