There are several advantages that a market economy possesses. These do not include the fact that market economies:
A) tend to result in high living standards.
B) tend to encourage greater economic growth.
C) tend to prevent entrepreneurial activity that would result in large accumulations of wealth in the hands of a few people.
D) none of the above is true

Question

Quizplus · Accepted Answer

Market economies do tend to result in high living standards and encourage economic growth, but they do not prevent entrepreneurial activity or the accumulation of wealth in the hands of a few people. In fact, market economies often reward successful entrepreneurs and allow for the accumulation of wealth through a competitive marketplace.

There Are Several Advantages That a Market Economy Possesses