1. Define a market economy:
A:an economy in which production, investment, prices, and incomes are determined
centrally by a government.
B: an economic system in which prodition and prices are determined by unrestricte
competition between privately owned businesses.
C:an economic system based on customs, history and time-honored beliefs.
D: an economic system combining private and public enterprise.
Answers: 2
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1. Define a market economy:
A:an economy in which production, investment, prices, and incomes are d...
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