New Economic Theories Answers

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What are the characteristics of capitalism? Select all that apply.The government sets prices and wages.Farms and factories are owned by private individuals.People are free to pursue their own self-interests.Supply and demand determine which goods, and how many, are produced.It is favored by philosopher Karl Marx.

A
The government sets prices and wages.
B
Farms and factories are owned by private individuals.
C
People are free to pursue their own self-interests.
D
Supply and demand determine which goods, and how many, are produced.
E
It is favored by philosopher Karl Marx.

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