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

Pergunta

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

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.
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