Author Question: Market economies are organized according to market principles. Which of these is not an important ... (Read 55 times)

cookcarl · **on:** Jul 10, 2018

Market economies are organized according to market principles. Which of these is not an important principle of market economies?

a. Almost all privately owned goods and services have a monetary price.
b. Most people make their living selling something on the market.
c. The market allocates labor and resources in order to bring the highest return.
d. The market economy must be strictly regulated by a central authority that owns the financial institutions.

Question 2

Money is:

a. uncontrollable.
b. a standard of value.
c. risk-free.
d. indivisible.