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Luda [366]
3 years ago
15

Characteristics of a market economy include what

History
1 answer:
Aloiza [94]3 years ago
7 0

1. Private Property. Most goods and services are privately-owned. The owners can make legally-binding contracts to buy, sell, or lease their property. In other words, their assets give them the right to profit from ownership. But U.S. law excludes some assets. Since 1865, you cannot buy and sell human beings. That includes you, your body, and your body parts.

(Source: "Market Economy," University of Auburn.)

2. Freedom of Choice. Owners are free to produce, sell and purchase goods and services in a competitive market. They only have two constraints. First, is the price at which they are willing to buy or sell. Second is the amount of capital they have.

3.

Motive of Self-Interest. Everyone sells their wares to the highest bidder while negotiating the lowest price for their purchases. Although the reason is selfish, it benefits the economy over the long run. That's because this auction system sets prices for goods and services that reflect their market value. It gives an accurate picture of supply and demand at any given moment.

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The Works Progress Administration was able to accomplish what during the 1930s? Group of answer choices A. Building or renovatin
TiliK225 [7]

Answer:

The correct answer is D. The Works Progress Administration was able to build or renovate 110,000 public buildings (schools, post offices, government office buildings) and for constructing almost 600 airports, more than 500,000 miles of roads, and over 100,000 bridges; it also kept an average of 2.1 million workers employed and pumped needed money into the economy.

Explanation:

The Works Progress Administration was a government agency established during the Great Depression by President Roosevelt to help solve the massive unemployment problem at the time. It was the largest of the government agencies in the history of the United States created to set up relief and public works.

From 1935 to 1943, it provided jobs for about eight million people, costing about $11 billion. In almost every community in the United States, there are parks, bridges, and schools funded by the WPA. By 1940, it had built about 4,383 new school buildings, improved another 30,000, built 130 new hospitals, and improved another 1,670 hospitals.

Its largest single project was the Tennessee Valley Authority, whose mission was to build dams in the Tennessee Valley for power generation. Camp David and the Golden Gate Bridge were also built by the WPA.

8 0
3 years ago
What are a few causes of the cuban missile crisis. what lead to this event?
Marianna [84]
When the Soviet Union began building missile sites in Cuba in 1962.
6 0
3 years ago
NEED ANSWER NOW
Firdavs [7]

Answer:speed

Explanation:

7 0
3 years ago
What did Hawaii rename Columbus Day
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Answer:"Discoverers' Day"

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3 years ago
What best describes the effect of increased globalization on the environment?
SSSSS [86.1K]

Answer:

Increased globalization is severely hurting the environment and nothing is being done to address this issue.

Explanation:

Globalization only has negative impacts on the environment so the third won't work. The international community is not working towards solutions that much. In the cases that they are, they are not being enforced. Overall, the community usually lets these problems continue, so the second is not correct. Last, increased globalization has had major impacts on the environment such as increased pollution(air, water, etc.) which has a multitiude of effects such as acid rain, coral bleaching, etc. So, the only possible answer is A.

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3 years ago
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