Which of the Following Statements Is NOT True of a Market

question 12

Multiple Choice

Which of the following statements is NOT true of a market economy?

• A)The pricing of goods is determined by what sellers wish to charge and buyers wish to pay.
• B)The system encourages private ownership of resources.
• C)The individual makes his or her own economic decisions.
• D)The government may supply some goods or services

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Definitions:

Interview Process

The structured interaction between a job applicant and a representative of an organization, aimed at assessing the applicant's suitability for a specific role.

Request An Interview

The act of formally asking for a meeting, typically for the purpose of discussing employment opportunities or journalistic inquiries.

Acquaintance

A person whom one knows but who is not a close friend.

Workforce

The collective group of individuals engaged in or available for work, either in a specific region or in the broader economy.