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u0eS h6t allow backtracking. Changes to the answer after submission are p Questi

ID: 1127205 • Letter: U

Question

u0eS h6t allow backtracking. Changes to the answer after submission are p Question Completion Status: Moving to the next question prevents changes to this answer. Question 16 What does a market economy depend on market mechanisms to do? 0 a. determine how large the government's budget deficit should be O b. provide everyone with a minimum level gf income O c, determine the most efficient way of usingresources O d. decide how much government regulation there should be > Moving to the next question prevents changes to this answer. 13

Explanation / Answer

Answer
Option c
the market forces are demand and supply which forces the use of resources where it most required (the efficient use)
the government only comes in between when the market failure