The Key Elements of a Market Economy Include All of the Following

question 38

Multiple Choice

The key elements of a market economy include all of the following except

• A)freely determined prices.
• B)property rights.
• C)freedom to trade at home.
• D)freedom to trade abroad.
• E)strong government intervention.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

2010 U.S. Census

A decennial enumeration of the population of the United States conducted in 2010, providing detailed demographic information.

Racial Categories

Classifications of human beings based on physical characteristics, ancestry, genetics, or social relations, often constructed socially and politically.

Preventive

Actions or measures taken to reduce the risk of a problem or disease before it occurs.