The market system/capitalism is the best economic system because it is O Efficient (doesn't waste resources producing things that won't sell) O Flexible (what is produced is easily changed to copy demand) O Upward Social Mobility Due To The Potential To Profit By Hard Work Produces Democratic Government Because of Economic Democracy. O All of These O None of These

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter1: What Is Economics
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Unit 3 Midterm Economics
A docs.google.com/forms/d/e/1FAlpQLSfDzcagnpq9EUKBs3AWMb. *
The market system/capitalism is the best economic system because it 2 points
is
Efficient (doesn't waste resources producing things that won't sell)
O Flexible (what is produced is easily changed to copy demand)
Upward Social Mobility Due To The Potential To Profit By Hard Work
Produces Democratic Government Because of Economic Democracy.
All of These
None of These
In, a change in quantity demanded for one product or service
causes a change in simple demand for a related product or service.
2 points
O Elasticity of Demand
O Cross Elasticity of Demand
O Diminishing Marginal Utility
Transcribed Image Text:Unit 3 Midterm Economics A docs.google.com/forms/d/e/1FAlpQLSfDzcagnpq9EUKBs3AWMb. * The market system/capitalism is the best economic system because it 2 points is Efficient (doesn't waste resources producing things that won't sell) O Flexible (what is produced is easily changed to copy demand) Upward Social Mobility Due To The Potential To Profit By Hard Work Produces Democratic Government Because of Economic Democracy. All of These None of These In, a change in quantity demanded for one product or service causes a change in simple demand for a related product or service. 2 points O Elasticity of Demand O Cross Elasticity of Demand O Diminishing Marginal Utility
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