Question 37

A major setback in any mixed economy is

  • A.that is combined both the capitalist and socialist systems
  • B.the freedom of choice in the production and consumption of goods and services
  • C.that government intervenes to secure full utilization of resources
  • D.that economy decisions are determined by market forces
  • E.that the absence of profit motive in the public sector may reduce incentives for hard work
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1998
Question no.
#37
Type
Objective

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