In our economy, government agencies determine the prices of most goods traded between buyers and sellers.

Question

Quizplus · Accepted Answer

In a market economy, prices are typically determined by the interactions between buyers and sellers in a competitive marketplace, not by government agencies. However, there are some exceptions, such as prices of goods and services provided by government-run monopolies or through price controls set by the government.

In Our Economy, Government Agencies Determine the Prices of Most