AnswersVT-GA-EOC-Personal Finance Economics A ULHSThe Free MarketQuestion 1
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QuizMultiple Choice

The Free Market

Question 1 • VT-GA-EOC-Personal Finance & Economics A ULHS

Why do markets exist?

Answer
A
Markets ensure that government does not intervene in the production of goods and services.
B
Markets provide self-sufficient people with public places for the exchange of ideas.
C
Markets ensure economic equity for all people.
D
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.

Explanation

Markets exist to facilitate the exchange of goods and services. People can sell the goods or services they specialize in producing and use the money to buy what they need. Therefore, the correct choice is “Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.”

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