Which of the following best describes the way resources are allocated in the U.S.economy?
A) By rules.
B) By markets.
C) By regulations.
D) By government.

Question

Quizplus · Accepted Answer

The U.S. economy primarily relies on market forces to allocate resources. Supply and demand determine the prices of goods and services, which in turn determine the allocation of resources. While the government does play a role through regulations and policies, the overall allocation of resources is primarily driven by market forces.

Which of the Following Best Describes the Way Resources Are