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How are markets regulated? a. Only government can regulate markets b. markets are not regulated c. Markets regulate price and quality in their efforts to satisfy consumers d. with occupational licensing that covers all areas of commerce Do fortresses or frontiers promote more change and economic growth? a. frontiers do because companies cannot go out of business b. fortresses do by lowering risk and ensuring minimum quality c. frontiers do by encouraging individuals to take risks d. fortresses due because government regulation generates incentives to grow Any economic system works when there is cooperation among people. Markets generate cooperation by a. coercing people to do what they are ordered to do b. creating useful information about prices and values c. making people use cash to make purchases instead of credit cards d. forming risk-free fortresses It is safe to say that Americans today are worse off materially than they were 50 or even 100 years ago. Select one: True False The major contribution in an economy promoting economic growth is a. natural resources b. the creation of monopolies c. institutions that promote freedom d. government regulation and provision of goods and services