What is one feature of a market economy?

Type: MCQ • Marks: 1

A. Government fixes every production decision

B. Prices help coordinate decisions of buyers and sellers

C. Consumers have no choices

D. Markets do not exist

Explanation

Explanation: Prices communicate information about scarcity, demand and supply.

Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now

Class 9th Understanding Society India and Beyond, Part I

This page is indexed for search so students can find questions directly from Google.

Welcome to TutorWale!