Which of the following is true of a market economy? A ) It relies on millions of

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Which of the following is true of a market economy?

A ) It relies on millions of individual economic decisions todetermine economic outcomes.

B ) The government answers the basic economic questions of whatgets produced, how it gets produced, and who gets it.

C ) Decisions are regulated by a central agency.

D ) In its pure form, it is also known as a command economy.

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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Dec 13, 2022 09:00 AM

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Which of the following is true of a market economy? A ) It relies on millions of

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A mar ket eco nomy is an ec onomi c s ys tem whe re decis i o n s r ega rding i nve stme... View the full answer

Advanced Accounting

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