In a market economy nearly all economy related decisions are determined by the

In a market economy nearly all economy related

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52) In a market economy, nearly all economy-related decisions are determined by the interplay of________. A) government and individualsB) supply and demandC) customers and employeesD) large and small businessesb 53) Supply and demand in a market economy are dictated by which of the following? 54) Market economics is rooted in which of the following beliefs? 55) If insects were to destroy coffee crops in key producer countries worldwide, which of the following would most likely occur within the coffee market? 56) Several research studies are published that document the health benefits of a certain grain. What is the most likely economic result of these findings? A) Demand for the grain increases.B) Demand for the grain decreases.C) The price of the grain decreases.D) Reserves of the grain increase worldwide.a 57) Laissez-faire economics refers to which of the following? 58) To function smoothly and properly, a market economy requires all of the following EXCEPT ________. 59) In a market economy, access to alternative purchase options is known as ________. 60) Comparing market economies with centrally planned economies, which of the following statements is most accurate regarding the element of free choice? A) Consumers have free choice in both types of economies.B) Free choice exists in market economies, but choices are restricted in planned economies.C) Consumers do not have free choice in either of these economies.
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D) Planned economies allow for greater free choicethan do market economies.b 61) In a market economy, ________ allows most prices to rise and fall to reflect the forces of supply and demand.
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  • Fall '08
  • Staff
  • Government, Free Market, Economic system, Planned economy, centrally planned economies, centrally planned economy

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