Which of the following is a benefit of the price system?
A) the existence of positive externalities
B) the production of public goods
C) Consumers have what they want since politicians and business managers decide what is to be produced.
D) the freedom of consumers to decide what they want to purchase

Question

Quizplus · Accepted Answer

The price system allows consumers to make their own choices about what goods and services they want to purchase based on their own preferences and budget constraints. This freedom of choice is a key benefit of the price system.

Which of the Following Is a Benefit of the Price