In a _____, the state owns all means of production.
A. mixed economy
B. planned economy
C. market economy
D. totalitarian state
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The economic freedom associated with a _____ creates greater incentives for innovation and entrepreneurship than either a planned or a mixed economy.
A. mixed economy
B. planned economy
C. market economy
D. command economy
Which of the following is a legal means by which the state can expropriate the profits from innovation?
A. Demands for money to grant alicense
B. Expropriation
C. Enforcing property rights
D. Excessive taxation
Some _____ have fostered a market economy and strong property rights protection and have experienced rapid economic growth.
A. totalitarian regimes
B. command economies
C. dictatorships
D. centrally planned systems
Several of the fastest-growing Asian economies adopted more _____ governments during the past three decades, including South Korea and Taiwan.
A. totalitarian
B. democratic
C. dictatorial
D. socialists