Market Systems

Welcome to the "Market Systems" category on Questions LLC! This is the perfect place for visitors interested in delving into the intricate world of market systems. Whether you are a curious learner, a student, or a professional in the field, our Q&A community is here to provide you with insightful answers to all your questions related to market systems. From understanding the various types of market structures to exploring the dynamics of supply and demand, our knowledgeable members are eager to offer their expertise and share their perspectives. So, come on in and join us in unraveling the complexities and mechanics of market systems!

Questions (43)

The concepts of supply and demand illustrate the interdependence of which groups?(1 point) citizens and government parents and
1. 1 answer
2. asked by hello!
3. 79 views
Drag and drop the economical characteristics to the correct region.mixed market economies dominant command economy limited
1. 2 answers
2. asked by Izzy
3. 174 views
Which of the following is generally true of a competitive free market economy?a It requires a planning commission to set prices.
1. 2 answers
2. asked by Eric23
3. 90 views
Which of these would most likely happen under a free market.1. government regulators set maximum prices 2. political influence
1. 2 answers
2. asked anonymously
3. 113 views
Which of the following is generally true of a competitive free market economy?A.It can run itself without the intervention of
1. 1 answer
2. asked by Somebody23
3. 88 views
Which of the following drives the free market economy?
1. 1 answer
2. asked by Anonymous
3. 278 views
What is a free market?A. Trade conducted with fewer restrictions and lower customs rates B. Markets whose existence is due to
1. 4 answers
2. asked by idontknow
3. 1,474 views
The key feature of a market system isA. competition. B. profit. C. demand. D. supply.
1. 2 answers
2. asked by Tre
3. 538 views
A market in which buyers and sellers are free to buy and sell as they wish is known as aA. global market. B. common market. C.
1. 3 answers
2. asked by Charlette
3. 779 views
Would please like to know about Free market in simplified Terms.Does it run without competition?
1. 3 answers
2. asked by Anonymous
3. 342 views
Compare and contrast market systems and the role of an economist within these systems.
1. 1 answer
2. asked by Anita fields
3. 396 views
In your opinion, is better to have a true capitalists type of market or do you think that there should be a combination of
1. 1 answer
2. asked by meshelle
3. 359 views
Free-market economies are meant to exist without governmental control.Is this statement true or false? Responses true true false
1. 65 answers
2. asked by lil Z
3. 80 views
What is the connection between incentives and consumer sovereignty in a free market economy?
1. 2 answers
2. asked by Ami
3. 558 views
Which one of these would most likely happen under a free market?A: government regulators set maximum prices B: political
1. 3 answers
2. asked anonymously
3. 48 views
Why is a free market system able to respond faster to devastation caused by war and natural disasters?
1. 1 answer
2. asked by Courtni
3. 289 views
The marginal costs and prices of a purely competitive market system accurately measure:a. Both spillover costs and spillover
1. 1 answer
2. asked by Linh
3. 412 views
47.In a market system intermdediaries in the exchange process are known as a. free agents. b. C. middlemen. c. D. producers
1. 1 answer
2. asked by abc
3. 27 views
Free markets are awesome, but sometimes they need to be _________a. unchecked b. left open c. regulated
1. 1 answer
2. asked by ya mama
3. 31 views
What is the key to markets?a. Supply and Demand b. Economic Free Enterprise c. Voluntary exchange
1. 1 answer
2. asked by ya mama
3. 42 views
In a free market, who are the items produce for?A. Those who can afford to buy the items B. The government C. The companies
1. 6 answers
2. asked by ya mama
3. 50 views
In a mixed or free market economy things are produced for people largely based on ___________.A. Government decisions B. Price
1. 1 answer
2. asked by ya mama
3. 62 views
In a free market, who produces the goods and services?a. the government has factories that produce it b. individual citizens
1. 1 answer
2. asked by ya mama
3. 67 views
What are the two elements of the “invisible hand” of a market system?demand and regulation self-interest and competition
1. 1 answer
2. asked anonymously
3. 20 views
Explore the role of price controls and government interventions in maintaining ordisrupting perfect competition in Ethiopia.
1. 1 answer
2. asked by Ewef
3. 20 views
In capitalist economies, prices areResponses A usually unfair.usually unfair. B set by the central government.set by the central
1. 1 answer
2. asked by blocks
3. 8 views
n a mixed market system, who determines the allocation of resources?(2 points)Responses Businesses Businesses Market forces
1. 1 answer
2. asked anonymously
3. 56 views
Which of the following is generally true of a competitive free market economy?(1 point) • It can run itself without the
1. 1 answer
2. asked anonymously
3. 23 views
In a mixed market system, who determines the allocation of resources? (2 points)Government Businesses Market forces Consumers
1. 1 answer
2. asked anonymously
3. 19 views
What is open opportunity?(1 point) Responses Open opportunity is the free exchange of information in an economic system. Open
1. 1 answer
2. asked by mybootyitch
3. 22 views
The price system is an important component of the market because it_____.O coordinates the activities of producers, consumers,
1. 1 answer
2. asked by The Role of Price in a Free Market Quick Check
3. 19 views
Which of the following terms best characterizes the EU’s economy? (1 point) Responses mass market mass market single market
1. 1 answer
2. asked anonymously
3. 89 views
Using the excerpt below, infer what Smith refers to as the "invisible hand" would mean.Question 2 options: a) Free markets b)
1. 1 answer
2. asked anonymously
3. 28 views
Which of the following terms best characterizes the EU's economy?A. mass market B. single market C. closed market D. world
1. 1 answer
2. asked by DEesNuTs
3. 28 views
which of these would most likely happen under a free market?a. Government regulators set maximum prices. b. Political influence
1. 1 answer
2. asked anonymously
3. 25 views
Use the chart to answer the question.Limited government involvement promotes independent choice for consumers and businesses.
1. 1 answer
2. asked by hello!
3. 43 views
Which of these would most likely happen under a free market?(1 point) Responses government regulators set maximum prices
1. 1 answer
2. asked by sleepy
3. 17 views
in your opinion what is the relationship adding elements of a market system to a country's economy and the country's economic
1. 1 answer
2. asked anonymously
3. 14 views
Consumers determine what goods and services will be produced based on the products they purchase. This is known as —profit
1. 1 answer
2. asked anonymously
3. 12 views
How are prices determined in a free enterprise system?How are prices determined in a free enterprise system? by military leaders
1. 11 answers
2. asked anonymously
3. 16 views
Why are markets that important in the economy of the country
1. 1 answer
2. asked by Kopano
3. 2 views
which of these would most likely happen under a free market?
1. 1 answer
2. asked anonymously
3. 13 views
Which of these would most likely happen under a free market?(1 point) • govemment regulators set maximum prices • political
1. 1 answer
2. asked anonymously
3. 1 view