9) The basic coordinating mechanism in a free-market system is A) a central government authority. B) the corporation. C) quantity. D) price. 10) Which of the following is true of a market economy? A) It relies on millions of individual economic decisions to determine economic outcomes. B) The government answers the basic economic questions of what gets produced, how it gets produced, and who gets it. C) In its pure form, it is also known as a command economy. D) Decisions are regulated by a central agency. 1 1) Capital, labor, and land are A) factors of production. B) resources. C) inputs. D) all of the above. 12) Michael Dell was the first individual who sold computers by mail order. The company founded by Dell is now one of the largest and most successful computer companies in the United States. Michael Dell would be classified as a(n) A) monopolist. B) socialist. C) entrepreneur. D) opportunist. 13) The consuming units in an economy are known as A) factors. B) entrepreneurs. C) firms. D) households. 14) Which of the following is held constant along the demand curve? A) income B) quantity C) price of the good D) both A and B