Which of the Following Is NOT Part of a Market

question 94

Multiple Choice

Which of the following is NOT part of a market economy?

• A) Most economic decisions are made by central governments.
• B) Product prices are the principal mechanism for communicating information in the system.
• C) Consumers are free to decide what goods and services to purchase.
• D) The government plays a primary role in protecting private property rights.

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Definitions:

Improper Fractions

Fractions where the numerator is greater than or equal to the denominator.

Mixed Numbers

Numbers consisting of an integer and a fraction.

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest possible values.

Mixed Numbers

Quantities that combine a whole number with a fraction less than one.