Which of the following statements is NOT true of a market economy?

Question

Quizplus · Accepted Answer

In a market economy, the government's role is generally limited to enforcing property rights, contracts, and regulating markets to prevent fraud and abuses. While the government may provide some goods and services (such as national defense or public education), this is not a defining characteristic of a market economy. Therefore, statement D is not necessarily true of a market economy.

Which of the Following Statements Is NOT True of a Market