Question

10
multiple choice 4 points
which of these is a characteristic of a market economy?
limited business rights
competition between businesses
government control and ownership of property
nationwide pricing rules for goods and services
11
multiple choice 4 points
country a exports agricultural products to country b. country b exports fabrics to country c. country c exports machinery to country a. which of the following best describes the relationship that exists among countries a, b, and c?
all three countries have become interdependent through trade.
all three countries are having economic problems.
all three countries produce the goods they need.
all three countries have become independent through trade.

Explanation:

• Question 10: In a market economy, businesses compete for customers. Limited business rights (not a feature), government control (more of a command economy), and nationwide pricing rules (restrict market forces) are incorrect.
• Question 11: When countries trade with each other (A exports to B, B to C, C to A), they become interdependent. Economic problems (not indicated), producing all needed goods (they trade, so no), and becoming independent (opposite of trading) are wrong.

Answer:

• Question 10: competition between businesses
• Question 11: All three countries have become interdependent through trade.