Market mechanisms as tools or instruments of policy are defined as ______.
A) those that rely upon the laws of supply and demand to influence the behavior of individuals or corporations
B) regulating how transactions are conducted in the market
C) using forms of persuasion and education
D) government management of individuals or corporations

Question

Quizplus · Accepted Answer

Market mechanisms work by relying on the laws of supply and demand to influence individual or corporate behavior, rather than by regulating or managing them directly through government intervention.

Market Mechanisms as Tools or Instruments of Policy Are Defined