The main characteristics of market economies that produce spontaneous self-organization include A. labour unions. B. incentives. C. scarcity. D. mandates.
Added by Judy W.
Close
Step 1
Step 1: The question asks for the main characteristics of market economies that produce spontaneous self-organization. Show more…
Show all steps
Your feedback will help us improve your experience
Supreeta N and 93 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
One problem with free-market economies is ________. they tend to produce great inequalities they are not very productive there are not enough industrial products to fill growing markets they only reward countries with great natural resources Question 10 For Karl Marx, the key determiner of social class was ________. education occupation social influence owning property
Supreeta N.
QUESTION 23 Which of the following will cause a decrease in market equilibrium price and an increase in equilibrium quantity? A decrease in supply B. A decrease in demand C. An increase in demand D. An increase in supply
Prashant B.
A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market economy can produce? A. It creates extreme divisions between the wealthy and the poor. B. It lets many workers choose where they want to be employed. C. Goods and services are only produced for uses planned by the government D. The lack of competition means that consumers have fewer choices
Andrew D.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD