Capitalism can fail to improve peoples' standards of living whe- all answer options here are correct firms are managed by people with connections to government arkets are not competitive
Capitalism can fail to improve peoples' standards of living whe- all answer options here are correct firms are managed by people with connections to government arkets are not competitive
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Capitalism can fail to improve peoples' standards of living when
all answer options here are correct
firms are managed by people with connections to government
markets are not competitive
private property is not secure
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