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Which of the following is not a characteristic of a market economy?
 
A. Competition
B. economic freedom
C. government ownership of business
D. economic incentives
 
 
 

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Joshua Stredder
Joshua StredderLv10
10 Oct 2020
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Related questions

Which of the following market structures consists of a large number of independently acting on buyers and sellers?
 
a. A monopolistic competition
b. Perfect competition
c. An oligopoly
d. A monopoly
Which of the following is characteristic of a country with a planned economic system?
a. The economy subscribes to capitalistic competition, where private parties own and operate the majority of businesses.
b. The economy relies chiefly on market forces to allocate goods and resources and to determine prices.
c. The economic system combines private and state enterprises with limited intervention from the government.
d. The economy is largely controlled by the government and freedom of choice is limited in order to accomplish government goals.
e. The economic system is primarily capitalistic but there is some degree of government ownership of the means of production.
What role does US government play with respect to market competition?
A. policing anticompetitive behavior and prohibiting contracts that restrict competition
B. preserving competition by regulating price and/or quantity of output
C. intervening in the price and output decision of businesses
D. maintaining abundant government-owned firms to ensure consumer-friendly pricing

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