Multiple Choice
Which of the following statements is FALSE?
A) In a free market system,the basic economic questions are answered without the help of a central government plan or directive.
B) Individuals guided by their own-self interest will produce products and services that other people want.
C) The basic coordinating mechanism in a free market system is quantity adjustments toward equilibrium.
D) In a free market system,competition forces firms to adopt efficient production techniques.
Correct Answer:
Verified
Correct Answer:
Verified
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