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lianna [129]
3 years ago
13

Which statement about a market economy is correct?

Social Studies
1 answer:
Neko [114]3 years ago
8 0

Answer:

The statement about a market economy that is correct is Option C: It offers people the freedom to pursue the work and purchases they desire.

Explanation:

A free-market economy works on the principle that government should not do much to control an economy or to add too many protections.  Companies and investors should be free to invest in the kinds of businesses they like -- entrepreneurs should be allowed to enter into creative and innovative ventures without the burden of too much regulation and tariffs and other barriers to trade.  However, even in the United States which is considered the model for a free-market economy, there are certain industries where there is a lot of government regulation and the producers benefit from government subsidies that make it hard for international sources to compete.  This is true in the agricultural sector for example.  American farmers who grow crops like corn, soybeans, wheat, cotton, and rice receive subsidies from the government and it allows them to sell their product much cheaper than if it were truly a free-market.

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Self interest helps achieve society's economic goals because
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Self interest helps achieve society's economic goals because it encourages each economic agent to look for maximum benefits at the minimum cost possible

In economics, self-interest is the idea that the best economic benefit for all can usually be accomplished when individuals act in their own self-interest.

Self-interest refers to actions that elicit personal benefit. Adam Smith, the father of modern economics, explains that individuals usually benefit most from acting in their own interests. According to his theory, the Invisible Hand creates goods and services that benefit both producers and consumers when dozens or even thousands act in their own self-interest.

Economies in which goods and services can be freely exchanged are characterized by self-interest and competition. As a result of these forces, good and services supply and demand as well as their value are influenced.

To know more about Self interest check this:

brainly.com/question/27872646

4 0
1 year ago
How did slaves in Texas gain their freedom? Why were some former slaves fearful after learning of their freedom?
oksano4ka [1.4K]

Answer:

Before the general emancipation of American slaves during the Civil War, many secured their own freedom through escape, self-purchase, or being freed by the slaveholder.

7 0
3 years ago
Read 2 more answers
One of the most dramatic moments in the Gita is the exchange between Arjuna and Krishna, about whether it's philosophically just
Valentin [98]

Answer:Arjuna feels it is sin to kill anyone or she'd blood for the kingdom that he doesn't even wants from the first place .

Krishna believes this is not real killing someone because a person doesn't even die he just get separated from the body as the body dies and the soul is released to face their karma.

Krishna convinces Arjuna that this is just preparation for karma.

I feel more comfortable with Arjuna why kill for the Kingdom that you don't even desired from the first place .

Taking a soul is rather a harsh way of getting things done nomatter what the reason may be .

I stand with the right to life .

Explanation:

8 0
3 years ago
Viết dàn ý chi tiết thuyết minh về cái quạt
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Answer:

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Explanation:

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3 years ago
Which 1964 supreme court case decided that state legislative districts must be roughly equal in population?
butalik [34]

Answer: The Reynolds case v. Sims .

Explanation:

In Reynolds case v. Sims, <em>the supreme court determined that the electoral districts should have approximately the same number in the population. </em>

This decision was taken because during the year 1961, while the vote was taking place for the distribution of the state legislature in Jefferson, the voters did not agree with the result of the voting. Because in a district, the population had a large higher percentage of people than others, that is, the distribution of the districts was disproportionate.

<em>I hope this information can help you.</em>

3 0
3 years ago
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