Solved

In a Free Market Economic System, the Lack of Government

Question 240

True/False

In a free market economic system, the lack of government control and regulation means that businesses find it easy to take advantage of customers by offering poor-quality products at high prices.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q235: The presence of competition in free markets<br>A)

Q236: The main goal of resource development is

Q237: A simple supply curve shows a relationship

Q238: Economics was called the "Dismal Science" by

Q239: A prediction that GDP will increase significantly

Q241: To jump-start the economy, the Fed is

Q242: Cooper created Coop's Consulting to earn a

Q243: Economist Adam Smith's important contribution was an

Q244: When the supply curve and demand curve

Q245: The greed of businesspeople represents one of