Solved

Which of the Following Statements Is FALSE

Question 145

Multiple Choice

Which of the following statements is FALSE?


A) In a market economy, goods and services are produced using least-cost production techniques.
B) In a market economy, the basic economic questions are answered through the interaction of buyers and sellers.
C) In a planned economy, how goods and services are produced is determined largely by the resources made available to producers.
D) In most economies, the basic economic decisions are made either entirely by private individuals, or entirely by centralized authorities.

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