Question

In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what.
a) a democratic government
b) a regulatory framework
c) a closed system

Answer 1

Answer:

The correct answer to the question: In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what, would be: C: A price system. From looking at the question in other sources, it seems that the answer choices of this one were incomplete, you are missing one, which was the correct choice. Price system is the correct choice in here.

Explanation:

This is the one system through which goods and services are accordingly distributed and offered to consumers, to meet their needs and demands. And it is also the system that allows voluntary exchange to determine how the produced goods and services are distributed.