An Economic System in Which Resources Are Privately Owned and Allocated

question 20

Multiple Choice

An economic system in which resources are privately owned and allocated by the market is called

• A) market capitalism
• B) market socialism
• C) centrally-planned capitalism
• D) centrally-planned socialism
• E) a tradition-based economy

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Definitions:

Egg Yolk

The yellow part of an egg, rich in nutrients and fats, which nourishes the developing embryo.

Avocado

A nutrient-dense fruit rich in healthy fats, vitamins, and minerals, known for its creamy texture and beneficial effects on cardiovascular health.

Exocytosis Mechanism

A cellular process that releases vesicle-contained substances out of the cell by the vesicle fusing with the cell membrane.

Neurotransmitter

Chemicals that transmit signals across a synapse from one neuron to another in the nervous system.