Answers 26-27 Ignite Economics-KY-Economics Economic Systems and Daily LifeQuestion 1

1

QuizMultiple Choice

Economic Systems and Daily Life

Question 1 of 10 • 26-27 Ignite Economics-KY-Economics

Which statement best describes a pure market economy?

Answer

A

Producer intervention in economic choices is strictly forbidden.

B

The government determines economic choices and makes most decisions.

C

The decisions made by producers and consumers drive all economic choices.

D

Producers and consumers make some economic choices while the government makes others.

More from this Course

10 verified answers

Opportunity Cost

10 verified answers

Quiz

10 verified answers

Opportunity Cost