The strength of a market system is:
A) it encourages businesses to produce in an efficient manner.
B) it encourages people to acquire skills that are valued by employers.
C) information passes directly between buyers and sellers, facilitating rapid adaptation of economic processes to changing conditions.
D) all of the above.
Correct Answer:
Verified
Q68: By producing its product using the least-cost
Q69: In a pure market economy, who receives
Q70: In a market system, income received by
Q71: In an economy based on individual decision
Q72: Which of the following statements about an
Q74: In a market system:
A) profit and income
Q75: Market economies tend to produce goods and
Q76: A drawback of the market system in
Q77: A weakness of a market system is:
A)
Q78: When a market system causes a problem
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents