Ask Question
BusinessBusiness
23 November, 12:55

Which one of the following statements about a market economy is TRUE? A. Government incentives prompt producers to make high-quality goods. B. The majority of a nation's land, factories, and other economic resources are privately owned. C. The growth rate of a market economy is less than that of a planned economy. D. Government regulations are a burden on commercial activities. E. All productive activities are owned by the state.

+2
Answers (1)
  1. 23 November, 14:36
    0
    B. The majority of a nation's land, factories, and other economic resources are privately owned.

    Explanation:

    A market economy represents an economic system where the interactions of private individuals and businesses determine the pricing of goods and services as well as most economic decisions.

    To this end a vast amount of the economic resources of the nation are owned by private businesses as well as individuals. These economic resources include land, buildings among others.

    The market economy is based on the theory that when government intervenes in the economic activities of an organization it lead to economic inefficiencies.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which one of the following statements about a market economy is TRUE? A. Government incentives prompt producers to make high-quality goods. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Have you EVER not filed a federal, state, or local tax return since you became a lawful permanent resident?
Answers (1)
If a recession caused millions of people to lose their jobs and millions more to fear unemployment, which of the following will happen?
Answers (1)
Preparing a Direct Labor Budget Tulum Inc. makes a Mexican chocolate mix. Planned production in units for the first 3 months of the coming year is: January 24,700 February 22,000 March 30,200 Each box of chocolate mix takes 0.4 direct labor hour.
Answers (2)
Which of the following statements is not correct? a. Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. b.
Answers (1)
Which of these government policies pursues the economic goal of equity? O A. Preventing monopolies O B. Providing welfare benefits O C. Protecting consumers from fraud O D. Ending a recession
Answers (2)
New Questions in Business
Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-tial liquidation of the company on December 31 of this year. Jim Har Inc. owns 100 percent of Wolverine Corporation.
Answers (1)
Which of the following sentences shows that the success of marketing is closely connected to the success of operations? Li Huang was managing a company where expansion of the current product line of canned goods was underway.
Answers (2)
In producing a product, a firm has both fixed costs and variable costs. Fixed costs are costs that must be paid regardless of how many units are produced and sold. Variable costs, on the other hand, fluctuate directly with sales volume.
Answers (1)
Describe Effective communication strategies for gathering information and educating patients and the importance of apply them
Answers (1)
Greg's ice cream produces 1120 gallons of ice cream per day. each employed works seven hours and has productivity of 20 gallons an hour. how many employees does greg's employ?
Answers (1)
Home » Business » Which one of the following statements about a market economy is TRUE? A. Government incentives prompt producers to make high-quality goods. B. The majority of a nation's land, factories, and other economic resources are privately owned. C.
Sign Up Forgot Password?