How are economic decisions determined in a market economic system?
by a mixture of market forces and government intervention
by central planners of production and consumption
by government regulation of the price mechanism
by the forces of demand and supply
D
What would a person believe who wished to encourage the use of the market system?
people should have equal living standards
people should have freedom of action
profit maximisation is wrong
the government should correct people's bad behaviour
B
Which pair of economic institutions can be found in a market economy?
charities and public sector firms
multinational companies and commercial banks
public sector firms and private sector firms
stock exchanges and government-funded hospitals
B