One of the economic outcomes determined by the choices people make in an economic system is the quantities of various goods and services to be produced.

Question

Quizplus · Accepted Answer

In a market economy, consumers' choices determine the demand for goods and services, which in turn affects producers' decisions about what to produce and in what quantities. Therefore, the choices people make in an economic system determine the quantities of various goods and services to be produced.

One of the Economic Outcomes Determined by the Choices People