A free market economy is one in which ________.
A) the government or other centralized group determines what to produce
B) individuals determine what to produce with some level of government involvement
C) a tightly knit social network barters and trades for goods at a market
D) individuals and private firms make decisions based on consumer needs and wants
E) privately owned, profit-seeking enterprises are converted to government-owned production and services
Correct Answer:
Verified
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A) an exchange
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A) substitute
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