The market system/capitalism is the best economic system because it is O Efficient (doesn't waste resources producing things that won't sell) O Flexible (what is produced is easily changed to copy demand) O Upward Social Mobility Due To The Potential To Profit By Hard Work Produces Democratic Government Because of Economic Democracy. O All of These O None of These
The market system/capitalism is the best economic system because it is O Efficient (doesn't waste resources producing things that won't sell) O Flexible (what is produced is easily changed to copy demand) O Upward Social Mobility Due To The Potential To Profit By Hard Work Produces Democratic Government Because of Economic Democracy. O All of These O None of These
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter1: What Is Economics
Section: Chapter Questions
Problem 1AA
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![Unit 3 Midterm Economics
A docs.google.com/forms/d/e/1FAlpQLSfDzcagnpq9EUKBs3AWMb. *
The market system/capitalism is the best economic system because it 2 points
is
Efficient (doesn't waste resources producing things that won't sell)
O Flexible (what is produced is easily changed to copy demand)
Upward Social Mobility Due To The Potential To Profit By Hard Work
Produces Democratic Government Because of Economic Democracy.
All of These
None of These
In, a change in quantity demanded for one product or service
causes a change in simple demand for a related product or service.
2 points
O Elasticity of Demand
O Cross Elasticity of Demand
O Diminishing Marginal Utility](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ce9542e-4b72-4a26-b5ce-8cf029494f61%2F0b26584e-a1be-4e86-bf64-cb67654b4869%2Fttlxvda_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Unit 3 Midterm Economics
A docs.google.com/forms/d/e/1FAlpQLSfDzcagnpq9EUKBs3AWMb. *
The market system/capitalism is the best economic system because it 2 points
is
Efficient (doesn't waste resources producing things that won't sell)
O Flexible (what is produced is easily changed to copy demand)
Upward Social Mobility Due To The Potential To Profit By Hard Work
Produces Democratic Government Because of Economic Democracy.
All of These
None of These
In, a change in quantity demanded for one product or service
causes a change in simple demand for a related product or service.
2 points
O Elasticity of Demand
O Cross Elasticity of Demand
O Diminishing Marginal Utility
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