Which of these statements is one of the principles of a free-market system?

A. Productive resources must be protected against overexploitation.

B. The gross domestic product must be as large as possible.

C. Public goods must be provided to secure a high standard of living.

D. The government must prevent consumers from being coerced.

Question

Libby Benson

Business

28 October, 01:15

Which of these statements is one of the principles of a free-market system?

A. Productive resources must be protected against overexploitation.

B. The gross domestic product must be as large as possible.

C. Public goods must be provided to secure a high standard of living.

D. The government must prevent consumers from being coerced.

+5

Answers (1)

Know the Answer?

Malik James · Answer 1

C. Public goods must be provided to secure a high standard of living.

Explanation:

Public goods refer to commodity or service that cannot be avoided by individuals and is unprofitable to be produced and sold by firms. The government is the sole provider of such services. For example roads and security are better provided by government.