Question

Plz help! ill give 80 points to the right answer! please find the right answer!

what is the primary way the essential economic questions are answered in a free-market economic system?
A. central planning based on academic research
B. regulations (wrong)
C. equal distribution of public good and services (wrong)
D. taxes (wrong)
E. voluntary exchange of private property

Answer 1

In its purest form, a market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government. so the answer is A