The purpose of an economic system is to
A) create an equal distribution of income.
B) allocate scarce resources among various possible alternative uses.
C) protect the environment.
D) create political stability.
Correct Answer:
Verified
Q2: In a market system, how are the
Q3: What is the purpose of a market
Q4: Economic growth in the United States
A) has
Q5: An economic system
A) is a means of
Q6: The condition of scarcity means that
A) when
Q8: In a free market economy,
A) prices affect
Q9: Markets tend to
A) exist primarily in towns
Q10: In a price system, if the most
Q11: How does a consumer decide whether to
Q12: The relative scarcity of a good is
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