What is the purpose of a free-market system?a. to protect the conditions that enablespecializationb. to stimulate the growth of the gross domesticproductc. to raise the standard of living for everyone inthe countryd. to allow consumers and producers to maketheir own decisions

Most countries began to abandon the concept of a free-market economy after the Great Depression.…

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What is the purpose of a free-market system? a. to protect the conditions that enable specialization b. to stimulate the growth of the gross domesti product

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What is the purpose of a free-market system?
a. to protect the conditions that enable
specialization
b. to stimulate the growth of the gross domestic
product
c. to raise the standard of living for everyone in
the country
d. to allow consumers and producers to make
their own decisions

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