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All of the following statements are true, EXCEPT: * O All economic systems allocate resources in their own ways. O All economic systems allow firms

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All of the following statements are true, EXCEPT: * O All economic systems allocate resources in their own ways. O All economic systems allow firms or private businesses to earn a profit All economic systems answer the basic economic questions of What, How, and For Whom O All economic systems organize production in their own ways

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