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Earn +20 ptsQ: Combines the principles of free choice and government intervention?
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What are the principles of mercantilism?
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
What best explains how free choice is protected in a free market system?
The government makes and enforces whatever laws are needed to guarantee free choice.
Government choice between making military goods or consumer goods?
guns or butter
What are four principles of the US economic systems?
The four Pricipals of the Economic Systems are:-Private Property-Freedom Of Choice-Profit-Competion
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