What Is the Type of Mechanism That Answers the Basic

question 44

Multiple Choice

What is the type of mechanism that answers the basic economic questions through a decentralized decision making process?

• A) market system
• B) dictatorship
• C) command and control
• D) mixed economic system

---

Definitions:

Consumer Privacy Law

Legislation that protects the personal information and privacy of consumers, regulating how businesses can collect, use, and store customer data.

European Union

A political and economic union of 27 European countries that have chosen to cooperate in areas like trade, security, and legal matters.

Direct Marketing

A form of advertising in which companies provide physical marketing materials to consumers to communicate information about a product or service.

Discussion

An exchange of ideas or opinions among individuals or groups, often aiming to reach a better understanding or solution to a particular issue.