Countries that rely on a free market system are plagued by persistent shortages or surpluses of goods and services.
Level of Learning 1: Knowledge of key terms

Question

Quizplus · Accepted Answer

This statement is false. While free market systems can experience short-term fluctuations in supply and demand, they do not necessarily lead to persistent shortages or surpluses of goods and services. In fact, many argue that free markets are better at efficiently allocating resources and avoiding shortages or surpluses than other economic systems.

Countries That Rely on a Free Market System Are Plagued