6
AssignmentMultiple Choice

Comparing Economic Systems

Question 6 • FL-2100310-United States History A

Which option best describes the advantages of the US economy?

Answer
A
Production goals are set each year and rarely change.
B
Markets are heavily regulated, which leads to more stable pricing.
C
Competition leads to innovation and lower prices.
D
Monopolies help establish supply lines and infrastructure.

Explanation

Competition encourages businesses to develop new products and improve the ones they already sell so customers will choose them. It can also push businesses to lower prices to attract customers. Therefore, the best description is that competition leads to innovation and lower prices.

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