A market system:
A)produces answers to a society's "what" and "who" questions, but not the "for whom" question.
B)produces answers to a society's "what" and "for whom" questions, but not the "how" question.
C)produces answers to a society's "how" and "for whom" questions, but not the "what" question.
D)produces answers to a society's "what," "how," and "for whom" questions.

Question

A market system:
A)​produces answers to a society's "what" and "who" questions, but not the "for whom" question.
B)​produces answers to a society's "what" and "for whom" questions, but not the "how" question.
C)​produces answers to a society's "how" and "for whom" questions, but not the "what" question.
D)​produces answers to a society's "what," "how," and "for whom" questions.

Quizplus · Accepted Answer

A market system produces answers to all three questions: "what" (what goods and services to produce), "how" (how to produce them efficiently), and "for whom" (who gets to consume them based on their willingness and ability to pay). The market system operates through the interaction of buyers and sellers, with prices serving as a signal for allocating resources and determining the distribution of goods and services.

A Market System