Microeconomics

MCQ - 8-4018

Question:

A typical characteristic of capitalist market economies is

government ownership of land and capital.
extensive price controls.
centralized government decision making to determine production limits.
extensive price controls.
private ownership of economic resources.

Correct Answer: E

Explanation:

The citizens privately own resources in capitalist systems.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: A typical characteristic of capitalist market economies is , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 8-4018.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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