7
QuizMultiple Choice

Fundamental Economic Concepts: Basic Principles — Test

Question 7 • Economics

In a free-enterprise system, consumers decide

Answer
A
which goods to export.
B
how to set prices.
C
which services to buy.
D
how to use materials.

Explanation

In a free-enterprise system, consumers influence what businesses produce by choosing what to buy. So consumers decide which services to buy. Businesses, rather than consumers, generally decide how to use materials, what to export, and what prices to set.

AI-written and checked against the verified answer.

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