Identify a true statement about pure market economies.
A) They do not allow people the freedom to choose their source of livelihood.
B) They do not make sufficient provision for the old, the young, and the sick.
C) They create enough value to support the environment.
D) They stifle entrepreneurship and creative innovation.

Question

Quizplus · Accepted Answer

Pure market economies often lack mechanisms to provide for those who cannot participate in the market, such as the old, young, and sick, as they rely heavily on market forces rather than government intervention for welfare.

Identify a True Statement About Pure Market Economies