Many rural peasants
a. have become completely dependent on the market for their survival.
b. are completely self-sufficient in terms of the products necessary for survival.
c. sell their products or labor to earn money for some household purchases.
d. are completely dependent on the state for their support.
Question 2
Which of these is NOT one of the market principles around which a market economy is organized?
a. Almost all privately owned goods and services are bought and sold.
b. Most people make their living selling their labor or goods on the market.
c. Supply and demand determine the allocation of the factors of production.
d. Prices and trading practices are closely regulated by the government.
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