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View History Bookmarks Profiles Tab Window Help ture.com/courses/39767/quizzes/253032/take W D Question 1 its Which of the following is not a characteristic of a market economy? lit Individuals, not the government, own the factors of production (b) Goods and services are sold in a competitive way. O (c) Government services are limited to basic protections such as enforcing laws and protecting the public O' (d) Monetary incentives exist for entrepreneurs who bear rik ( (e) Neither (b) nor (c) are characterhtic of a market economy, D Question 2 In the resource market of the circular flow model. O lal firms buy resources/labor from households. (bl households sell resources/labor to firms. ervices Old) households buy resources/labor from forms. O (d) firms sell resources/labor to households. ( fel both fal and (b)