Question

John lives in Brussels, Belgium. He wants to make some money and sees that his neighbor has

left some old video games in the trash can. John asks his neighbor if he can have the video games
and the neighbor says, 'yes.' John takes the video games and walks over to the local college. He
sets up a table and sets the video games on it. Then he starts to sell the video games to students who walk by. This is an example of what?

a. The laissez-faire economy
b. The virtual economy
c. The command economy
d. The mixed economy
e. The shadow economy
f. The market economy

Answer 1

This scenario is an example of the market economy. John's actions of taking the video games, setting up a table, and selling them to students for money demonstrate the operation of a market economy.

Step-by-step explanation:

This scenario is an example of the market economy. In a market economy, individuals and businesses have private ownership of resources and make their own economic decisions based on supply and demand. John's actions of taking the video games, setting up a table, and selling them to students for money demonstrate the operation of a market economy.