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Questions and Answers
Which term describes someone who acquires goods and services for their own personal use?
Which term describes someone who acquires goods and services for their own personal use?
- Producer
- Economy
- Market
- Consumer (correct)
What type of economy does the United States have?
What type of economy does the United States have?
- Socialist economy
- Mixed economy
- Market economy (correct)
- Command economy
In a market economy, who decides what to produce?
In a market economy, who decides what to produce?
- Market
- Consumers
- Producers (correct)
- Government
What does the term 'market' refer to in the given text?
What does the term 'market' refer to in the given text?
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What is the role of the government in a market economy?
What is the role of the government in a market economy?
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