A Market System Relies Primarily on Prices to Motivate Individuals

question 49

True/False

A market system relies primarily on prices to motivate individuals and coordinate economic activity.

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Definitions:

Defense Department

A sector of a government responsible for implementing defense policy, managing the armed forces, and ensuring national security.

Marshall Plan

An American initiative passed in 1948 to aid Western Europe, in which the United States gave over $12 billion in economic assistance to help rebuild Western European economies after the end of World War II.

Capitalist

An individual who possesses capital, particularly financial assets, and engages in the investment and management of these assets with the aim of generating profit.