Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is/are characteristics of the reward system (incentive system) of the free market (Hint: not A)? A) All of the answers given

  1. Which of the following is/are characteristics of the reward system (incentive system) of the free market (Hint: not A)?

A) All of the answers given are correct.

B) It provides appropriately-priced goods and services for people at all income levels, and does so profitably.

C) It causes people to be more careful with scarce resources.

D) It encourages hard work, saving, and education.

E) It rewards productivity.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Charles I. Jones

3rd edition

978-0393123944, 393123944, 393923908, 978-0393923902

More Books

Students also viewed these Economics questions

Question

Explain the plan-do-study-act cycle.

Answered: 1 week ago

Question

2. Develop a good and lasting relationship

Answered: 1 week ago

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago