How does a market economy ensure efficient use of resources?
A.
B.
by allowing the government to handle economic decisions
by analyzing the market demand and supply
C. by protecting the citizens' right to buy and sell property
D.
by ensuring that the supply of goods and services is always more than the demand
OE.
by giving a small group of people complete control over the economy
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How does a market economy ensure efficient use of resources? A. B. by allowing the government to handle economic decisions by analyzing the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is a type of experiment? a. observation b. simulation c. test market d. Both b and c are correct.
Answers (1)
Why is the price system an efficient way to allocate resources
Answers (1)
Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15).
Answers (1)
If women only have two children, what will our population do by 2150? grow to 8.7 billion grow to 10.8 billion decrease to 4 billion decrease to 5.3 billion none of the above
Answers (1)
A ___ enforces government regulations in a specific area of the economy
Answers (1)
New Questions in Business
Sweet Cream is an ice cream manufacturer. It sells Guilt-Free, a zero-calorie ice cream, which competes with Flavor Bell's Moo Sweet, a low-calorie ice cream. Flavor Bell reduces Moo Sweet's prices to match Guilt-Free's prices.
Answers (1)
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. finance/accounting B. research and development C. production/operations D. marketing
Answers (1)
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)
All else equal, active retention is a good option for firms: a. That have highly liquid assets b. That do not have a lot of debt c. Whose losses are predictable d. all of the above e. none of the above
Answers (1)
Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs.
Answers (1)