Microeconomics David Colander 11th Edition- Test Bank
To Purchase this Complete Test Bank with Answers Click the link Below https://tbzuiqe.com/product/microeconomics-david-colander-11th-edition-test-bank/ If face any problem or Further information contact us At tbzuiqe@gmail.com Sample Test Microeconomics, 11e (Colander) Chapter 3 Economic Institutions 1) Private property rights are essential to market economies. Answer: TRUE Explanation: Market economies rely on market forces, which are dependent upon the existence of property rights. Difficulty: 1 Easy Topic: Economic Systems Learning Objective: 03-01 Define market economy and compare and contrast socialism with capitalism. Bloom’s: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 2) In a market economy, society relies on the self-interest of individuals to determine what, how, and for whom to produce. ...