AP Microeconomics 1.2: Economic Systems
Practice AP Microeconomics questions on market and command economies, property rights, price signals, resource allocation, and government ownership.
- Syllabus
- Effective Fall 2026
- Course
- AP Microeconomics
MKT-1.B—Define how resource allocation is influenced by the economic system adopted by society question 1
[Maximum number: 1]
Which of the following would NOT be considered a characteristic of a market or capitalistic economy but that of a command or communist economy?
A
Protection of private property
B
Negative externalities
C
The price system to allocate resources
D
Competition among firms
E
Centralized decision making
E
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