3
QuizMultiple Choice

Comparing Economic Systems

Question 3 • EA Academy Civics 9

Why are there no true market economies today?

Answer
A
Few economies allow private property or are profit driven.
B
Most economies have some level of government regulation.
C
Few economies allow consumers and producers to control the factors of production.
D
Most economies rely on the government to allocate resources and set production goals.

Explanation

A true market economy would let buyers and sellers make economic decisions with little or no government involvement. In practice, most economies have some government regulation, so they are mixed economies rather than completely free markets. Choice B states this reason; choice D is too broad because most economies do not rely entirely on government to allocate resources and set production goals.

AI-written and checked against the verified answer.

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