menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 2: The Economic Problem: Scarcity and Choice
  5. Question
    The Basic Coordinating Mechanism in a Free-Market System Is
Solved

The Basic Coordinating Mechanism in a Free-Market System Is

Question 68

Question 68

Multiple Choice

The basic coordinating mechanism in a free-market system is


A) quantity.
B) price.
C) a central government authority.
D) the corporation.

Correct Answer:

verifed

Verified

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

Related Questions

Q63: Comparative advantage refers to the ability to

Q64: The process of using resources to produce

Q65: In a _ economy, the behavior of

Q66: Related to the Economics in Practice on

Q67: The value of the slope of a

Q69: In economics, the term capital refers only

Q70: Refer to the information provided in Figure

Q71: Combined, local, state, and federal governments in

Q72: Economic growth shifts a society's production possibility

Q73: Because resources are scarce, the opportunity cost

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines