Chapter 2 Economics: The Framework for Business

43. While the U.S. relies heavily on free markets, it is actually a mixed economy in which the government owns several major enterprises and regulates many aspects of business operations. ANS: T DIF: LL 2 REF: Page 22 OBJ: 4. 44. The two most common types of real world economies are pure capitalism and pure socialism. ANS: F DIF: LL 2 REF: Page ... ................
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