Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 1P
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![In a market economy, economic activity is guided by
Select one:
a. the government
O b. prices
O c. corporations
d. central planners](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28fcaf63-01ba-4062-8b33-b685e9acd0e2%2F4ff5ffd6-ca1b-4733-91b0-515cb5ffd79b%2Fyiqffbp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In a market economy, economic activity is guided by
Select one:
a. the government
O b. prices
O c. corporations
d. central planners
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