4
QuizMultiple Choice

Introduction to Economics — Test

Question 4 • Economics (Full-Year)

Which element would be different in an absolute free-market economy?

Answer
A
Buyers and sellers would not be free to exchange property or negotiate prices.
B
Private individuals and groups would not be able to own and control resources.
C
Prices would not be influenced by supply and demand.
D
The government would not intervene to regulate prices.
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