Question
Which of the following is true of a market economy? A ) It relies on millions of individual economic decisions todetermine economic outcomes. B )
Which of the following is true of a market economy?
A ) It relies on millions of individual economic decisions todetermine economic outcomes.
B ) The government answers the basic economic questions of whatgets produced, how it gets produced, and who gets it.
C ) Decisions are regulated by a central agency.
D ) In its pure form, it is also known as a command economy.
Step by Step Solution
3.53 Rating (150 Votes )
There are 3 Steps involved in it
Step: 1
A mar ket eco nomy is an ec onomi c s ys tem whe re decis i o n s r ega rding i nve stme...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
Students also viewed these Economics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App