Solved

In a Market Economy

Question 101

Multiple Choice

In a market economy,


A) there is not a fixed economic pie to be divided among individuals, but rather income is created by the individuals who earn it.
B) differences in incomes provide individuals with an incentive to supply resources that are highly valued by others.
C) a person's income is determined by the quantity and value of the resources that they supply to the market.
D) all of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents