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The right of individuals and businesses to own real and personal property as well as the means of production without undue government interference is?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
The ability of businesses to sell similar products, resulting in higher quality goods at a lower price, represents which characteristic of the U.S. economy?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
How does competition help consumers?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
What is the main role of the consumer in the U.S. economy?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
The money earned after all expenses have been paid is called?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
The ability of markets to operate with little government interference is what characteristic of the U.S. economy?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
In the United States, consumers have the ability to determine what goods and services will be produced through their purchases. This is called?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
The ability of businesses and individuals to own the means of production represents what aspect of the U.S. economy?
To determine through their purchases what will be produced
Private Property
Free markets
Profit
Competition
consumer sovereignty
Determines quality and pricing expectations
Private property
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