In a market economy, the incomes of consumers depend primaril y upon
A)government policies in setting wages and interest rates.
B)the quantity and prices of resources that they possess.
C)the amount of savings that they have accumulated.
D)how closely connected they are to government and business leaders.Difficulty: 02 Medium

Question

Quizplus · Accepted Answer

In a market economy, consumer incomes are primarily determined by the quantity and prices of the resources they own, such as labor, capital, and land, which they can sell or rent in the market.

In a Market Economy, the Incomes of Consumers Depend Primaril