6
QuizMultiple Choice

Comparing Economic Systems — Quiz

Question 6 • Economics (Full-Year)

Which of these businesses most likely exists in a free-market economy?

Answer
A
A government-owned company produces medical equipment. The government decides how the equipment will be distributed and how much consumers will pay.
B
The owner of a small bakery has seven employees. She must increase her employees’ hourly rate after the government increases the minimum wage.
C
A business owner opens a factory to produce airplane parts. The business owner decides which parts and how many to produce based on customer orders.
D
Community members hunt animals and harvest crops. They use little money and trade with each other to obtain anything else they might need.
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