In a free market economy,
A) prices affect the distribution of income, but they do not affect what is produced.
B) prices matter only to consumers, not to producers.
C) the most efficient use of resources does not depend on their opportunity costs.
D) demand and supply interact to determine prices.
Correct Answer:
Verified
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
Q7: The purpose of an economic system is
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
Q13: Before purchasing a good, a customer will
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