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Which statement best describes a capitalist economy? A. A baker trades five loaves of bread for a pair of shoes. Unit 5 Practice Questions DRAFT. Which statement BEST describes who determines what to produce in a country with a market economy? Booster Classes. Even today, many economies have reformed their demerits but have remained capitalist. Which statement best describes a command economy? a. C. Pursuing peaceful relations with neighboring states is a high priority. D.socialism. Please post your answer: ... How does the economy of Cuba differ from the economy of North Korea? A) The production of goods and services is determined primarily by markets, b. Which statement best describes a capitalist economy? Updated 11/3/2014 5:02:11 AM. What best describes a capitalist economy . D. Businesses determine most economic outcomes. Which statement best describes a capitalist economy? Find solutions for your homework or get textbooks Search. Which fo the following statements is true of capitalism? C. Government policies determine the production, but not the allocation, of goods and services. Course Hero is not sponsored or endorsed by any college or university. D. Businesses determine most economic . b. Capitalism is an economic system that operates under the profit motive. The vast majority of enterprises are privately owned by businesses. C.Profit is the driving force behind economic decisions. Economy defined by the political structure of the nation. Your dashboard and recommendations. In the context of the global economic crisis in mid-2000, identify a true statement about subprime loans. The production and allocation of goods and services is determined primarily through markets. Updated 11/3/2014 5:02:11 AM. American Public University • ECON ECON101. B.increasing the level of productive resources so there is a minimum level of income. ... capitalism. Be the first to answer! A. -best … the government doesn’t get involved with the economy. Determine whether each statement best describes capitalism or mercantilism. 4. 3 = 34. Which statement describes an aspect of a traditional economy? C.how people, institutions, and society make choices under conditions of scarcity. What best describes a capitalist economy? Capitalism is an economic system whereby monetary goods are owned by individuals or companies. Society determines production and the allocation of goods and services only through markets. In a capitalist economy, the government owns the means of production. Its democratic nature allows pluralism and recognizes the idea … Farming, hunting, and gathering methods change little over time. Society determines production and the allocation of goods and services only through markets B. Top Answer. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. Which statement best describes a capitalist economy? C. The government controls most economic activity. D. Asked by Wiki User. the government is in control of the nation’s economy. Which statement best describes capitalism. 0 1 2. Which statement best describes militarism? B. Click here to get an answer to your question ️ 2) Which of the following BEST describes the economy of the USA? Which of the following is not a central focus of the "economic perspective"? ... Q. The production and allocation of goods and services is determined primarily through markets. Home. Microeconomics Brief Edition (2nd Edition) Edit edition. D.the efficient use of scarce resources paid for at the minimum level of cost to consumers. B) An individual determines what to produce based on what will sell the best and make the most profit. A. Which of the following statements best describes the path taken by Vietnam following independence? math. The production of goods and services is determined primarily by government, but the allocation of goods and services is determined primarily by markets. Problem 4MCQ from Chapter 2: Which statement best describes a capitalist economy?A. User: Piece of perfection so 93 pizzas on ... Weegy: Simple present tense is a tense in which an action is happening right now, or when it happens regularly. In the pre-world war I era, most of the economies in Europe were capitalist is nature. c. Compared to capitalist nations, socialist societies provide more individual liberty and freedom. Switch to. The Library of Economics and Liberty. See Answer. D. Question # 00100471 Subject Economics Topic General Economics Tutorials: 1. D)The government provides goods and services to … Answer. Weegy: Data is a set of values of qualitative or quantitative variables; restated, data are individual pieces of ... 4. Wiki User Answered . Wiki User Answered . Capitalism is an economic system in which capital goods are owned by private individuals or businesses. C.The production and allocation of goods and services is determined primarily through, D.The production and allocation of goods and services is determined primarily through. Which statement best describes a capitalist economy. Added 2020-04-16 16:42:38 subject Social studies by Deleted. Correct Answer: Capitalism is an economic system that operates under the profit motive. allocation of goods and services is determined primarily by government. Which statement best describes the idea of monetarism? Economic growth is shown by a shift of the production possibilities curve outward and to the right. the government doesn’t get involved with the economy. Socie... Get solutions Updated 11/3/2014 5:02:11 AM. a In Cuba, there is economic uncertainty in exchange for individual choice. Trade is limited to only the bartering of goods and services. 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