Question

Which statement best describes a pure market economy?

a
producer intervention in economic choices is strictly forbidden
b
the government determines economic choices and makes most decisions
c
the decisions made by producers and consumers drive all economic choices
d
producers and consumers make some economic choices while the government makes others.
(50 points) if you get this question right

Answer 1

d

Explanation:

d because the goverment Scarcity affects the monetary value people place on goods and services and how governments and private firms decide to distribute resources.

Answer 2

b

Explanation: