In Which of the Following Ways Is the Private Market

question 96

Multiple Choice

In which of the following ways is the private market sector similar to the public sector in terms of decision making?

• A) Prices determine the demand for goods and services in each sector.
• B) There is competition for scarce resource in both sectors.
• C) Both sectors may use a type of "force" if necessary.
• D) Votes by individual voters are basically equal in importance with dollars spent by individuals on goods.

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