How are goods and services allocated in a market economy? by government decisions O by giving each individual just enough for a decent standard of living by the actions of all firms and consumers by inherited rights and properties

How are goods and services allocated in a market economy? by government decisions O by giving each individual just enough for a decent standard of living by the actions of all firms and consumers by inherited rights and properties

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 1P

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Question

How are goods and services allocated in a market economy?
O by government decisions
O by giving each individual just enough for a decent standard of living
by the actions of all firms and consumers
by inherited rights and properties

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