A market system: produces answers to a society\'s \"what\" and \"who\" questions

Question

A market system:

produces answers to a society's "what" and "who" questions, but not the "for whom" question.

produces answers to a society's "what" and "for whom" questions, but not the "how" question.

produces answers to a society's "how" and "for whom" questions, but not the "what" question.

produces answers to a society's "what," "how," and "for whom" questions.

does none of the above.

produces answers to a society's "what" and "who" questions, but not the "for whom" question.

produces answers to a society's "what" and "for whom" questions, but not the "how" question.

produces answers to a society's "how" and "for whom" questions, but not the "what" question.

produces answers to a society's "what," "how," and "for whom" questions.

does none of the above.

Explanation / Answer

Correct Answer:

D

A market system, tells that what to produce, how to produce and for whom to produce in the economy. By this, demand forces are established and it sets the supply creation.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.