In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what.
A)a price system
B)a regulatory framework
C)a democratic government
D)a closed system

Question

Quizplus · Accepted Answer

A price system allows for supply and demand to interact, leading to prices that reflect consumer preferences and voluntary exchanges between buyers and sellers. A regulatory framework and democratic government may play a role in shaping the market system, but they are not the mechanism for distributing goods among consumers. A closed system, by definition, would not allow for voluntary exchange and consumer preferences to be taken into account.

In a Market System, ____ Distributes Goods Among Consumers in Accord