Question 73 • Crowley Credit Recovery Algebra II B
Read the description below of an economic system.In this economy, private individuals and groups are able to own and control resources, and prices are influenced by supply and demand. The voluntary exchange of property is encouraged, and buyers and sellers are free to negotiate the price, or terms, of a sale. When the price of essential, or very important, items rises too high or falls too low, the government may intervene to regulate the price and protect the public.
Answer
A
Private individuals and groups would not be able to own and control resources.
B
Prices would not be influenced by supply and demand.
C
Buyers and sellers would not be free to exchange property or negotiate prices.
D
The government would not intervene to regulate prices.