Just two questions.

1 Which of these statements is one of the principles of a free-market system?

A) The gross domestic product must be as large as possible.

B) The government must prevent consumers from being coerced.

C) Productive resources must be protected against overexploitation.

D) Public goods must be provided to secure a high standard of living.

2 What does the inflation rate indicate?

A) how far in debt the government is

B) how much the minimum wage has increased

C) how quickly prices are rising

D) how much interest is being charged on mortgages

Question

Business

Deon Roach

12 May, 21:48

Just two questions.

1 Which of these statements is one of the principles of a free-market system?

A) The gross domestic product must be as large as possible.

B) The government must prevent consumers from being coerced.

C) Productive resources must be protected against overexploitation.

D) Public goods must be provided to secure a high standard of living.

2 What does the inflation rate indicate?

A) how far in debt the government is

B) how much the minimum wage has increased

C) how quickly prices are rising

D) how much interest is being charged on mortgages

+3

Answers (1)

Know the Answer?

Rodolfo Gilbert · Answer 1

To answer the first question above as to which statement is one of the principles of a free-market system, the answer is letter C. Productive resources must be protected against over-exploitation.

The answer to the second question above as to what does an inflation rate indicate is Letter C. It reflects on the prices rising either to height or to low.