Asked by
Marcella Andryuk
on Nov 25, 2024Verified
The market system's answer to the fundamental question "Who will get the goods and services?" is essentially
A) "Those most willing and able to pay for them."
B) "Those who physically produced them."
C) "Those who most need them."
D) "Those who get utility from them."
Goods And Services
The output of an economy, consisting of both tangible products (goods) and intangible activities (services) that provide value to consumers.
Willing And Able
Describes consumers who have both the desire to purchase goods and services and the purchasing power to do so.
- Identify the factors influencing the distribution of output in a market economy.
Verified Answer
AS
Learning Objectives
- Identify the factors influencing the distribution of output in a market economy.
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