Who gets scarce resources in a market economy?
A) the government
B)whoever is willing and able to pay the price
C)whoever wants them
D)Whoever the government decides gets them
4 answers
What is YOUR answer?
The government does not govern a market economy.
Check this definition of a market economy -- which is basically what is in effect in the U.S.
http://www.investorwords.com/2971/market_economy.html
Check this definition of a market economy -- which is basically what is in effect in the U.S.
http://www.investorwords.com/2971/market_economy.html
so then either B or C?
Who do you suppose will get this resource -- the person who will pay $10 a pound or the person who will pay only $1.00 a pound for it?
1 answer