Pergunta

Question 2 (1 point) Economic Decisions are made by Buyer/Sellers a Command b Free Market C Feudal d Traditional
Solução

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TomásMestre · Tutor por 5 anos
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The correct answer is 'b'. Economic decisions are made by buyers and sellers in a free market economy.
Explicação
## Step 1
The question is asking us to identify the type of economic system where economic decisions are made by buyers and sellers.
## Step 2
In a free market economy, economic decisions are made by buyers and sellers. This is because in a free market, the laws of supply and demand are free from any intervention by a government, by a price-setting monopoly, or by other authority.
## Step 3
In contrast, in a command economy, economic decisions are made by a central authority, usually the government. In a feudal economy, economic decisions are made by the feudal lords. In a traditional economy, economic decisions are made based on customs and traditions.
The question is asking us to identify the type of economic system where economic decisions are made by buyers and sellers.
## Step 2
In a free market economy, economic decisions are made by buyers and sellers. This is because in a free market, the laws of supply and demand are free from any intervention by a government, by a price-setting monopoly, or by other authority.
## Step 3
In contrast, in a command economy, economic decisions are made by a central authority, usually the government. In a feudal economy, economic decisions are made by the feudal lords. In a traditional economy, economic decisions are made based on customs and traditions.
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