Which statement would MOST LIKELY be true in market economy?
A.
Most people enter the same field of employment as their ancestors.
B.
Economic production decisions are made by a small council of experts.
C.
The government provides employment and necessary resources for its people
D.
Business owners decide what goods to produce and at what price to sell them
D. Business owners decide what goods to produce and at what price to sell them
D. Business owners decide what goods to produce and at what price to sell them.
To determine the correct statement that is MOST LIKELY true in a market economy, we can analyze the characteristics of a market economy.
In a market economy system, the production and distribution of goods and services are primarily determined by the interplay of supply and demand. Based on this understanding, option A can be eliminated, as it suggests that most people enter the same field of employment as their ancestors, which is not directly related to the functioning of a market economy.
Option B can also be eliminated since it implies that economic production decisions are made by a small council of experts. In a market economy, decisions regarding production are typically made by individual businesses, not a centralized council.
Option C can also be eliminated as it suggests that the government provides employment and necessary resources for its people. In a market economy, the government's role is typically limited to maintaining law and order and ensuring fair competition, rather than providing employment and resources.
The correct statement MOST LIKELY true in a market economy is option D. In a market economy, business owners have the autonomy to make decisions about what goods to produce and at what price to sell them. This is a fundamental characteristic of a market-oriented economic system.