Which of the following occurs in a pure market economy?
A) Businesses are guaranteed a profit.
B) Government has an important role in the circular flow model.
C) Households are sellers and businesses are buyers in resource markets.
D) Collective decision making is valued more highly than individual decision making.
Correct Answer:
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Q139: Markets are important in economies where decisions
Q140: In a pure market economy:
A) households buy
Q142: Circular flow model. Q143: Circular flow model. Q144: Circular flow model. Q145: Which of the following statements is FALSE? Q146: A lack of incentives to protect the 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
A)
