Which of the following statements does not apply to a market economy?
A)Firms decide whom to hire and what to produce.
B)No one is looking out for the economic well-being of society as a whole.
C)Households decide which firms to work for and what to buy with their incomes.
D)Government policies are the primary forces that guide the decisions of firms and households.

Question

Quizplus · Accepted Answer

In a market economy, government policies are not the primary forces that guide the decisions of firms and households. Instead, the market is the primary force that determines what goods and services are produced and exchanged.

Which of the Following Statements Does Not Apply to a Market