Which of the Following Is True of a Market Economy

question 213

Multiple Choice

Which of the following is true of a market economy?

• A) In its pure form, it is also known as a command economy.
• B) Decisions are regulated by a central agency.
• C) The government answers the basic economic questions of what gets produced, how it gets produced, and who gets it.
• D) It relies on millions of individual economic decisions to determine economic outcomes.

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