Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is a possible advantage of a free market condition?
A)In a free market, consumers are offered discounts on the purchase of products.
B)In a free market, all goods and services are offered for free to households below the poverty line.
C)In a free market, continuous government intervention helps keep the price of products under control.
D)In a free market, competition among sellers helps the consumers purchase a product at the lowest possible price.
E)In a free market, consumers have limited products to choose from, thereby assuring less confusion and better quality.

Question

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following is a possible advantage of a free market condition?​
A)​In a free market, consumers are offered discounts on the purchase of products.
B)​In a free market, all goods and services are offered for free to households below the poverty line.
C)​In a free market, continuous government intervention helps keep the price of products under control.
D)​In a free market, competition among sellers helps the consumers purchase a product at the lowest possible price.
E)​In a free market, consumers have limited products to choose from, thereby assuring less confusion and better quality.

Quizplus · Accepted Answer

The Answer is D

Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth