In a ________ economy, the behavior of buyers and sellers determines what gets produced, how it is produced, and who gets it.
A) command
B) laissez-faire
C) socialist
D) utopian
Correct Answer:
Verified
Q179: Things that have already been produced that
Q180: Comparative advantage refers to the ability to
Q181: The idea that consumers ultimately dictate what
Q182: A poorly functioning government can do which
Q183: In a free-market system, the amount of
Q185: In a market system, self-interest motivates most
Q186: Consumer sovereignty
A) is dependent on profits.
B) is
Q187: Which of the following statements is not
Q188: The amount that households have accumulated out
Q189: Production decisions are centralized in a(n)
A) laissez-faire
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