Economics

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Who gets scarce resources in a market economy?
A) the government
B)whoever is willing and able to pay the price
C)whoever wants them
D)Whoever the government decides gets them

  • Economics -

    What is YOUR answer?

  • Economics -

    A?

  • Economics -

    The government does not govern a market economy.

    Check this definition of a market economy -- which is basically what is in effect in the U.S.

    http://www.investorwords.com/2971/market_economy.html

  • Economics -

    so then either B or C?

  • Economics -

    Who do you suppose will get this resource -- the person who will pay $10 a pound or the person who will pay only $1.00 a pound for it?

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