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NemiM [27]
3 years ago
10

(T/F) In our economic system, consumer needs and wants to determine, to a large extent, what goods and services will be produced

.
Social Studies
1 answer:
sammy [17]3 years ago
8 0

Answer:

Consumer preferences and resource scarcity determine which goods are produced and in what quantity; the prices in a market economy act as signals to producers and consumers who use these price signals to help make decisions. Governments play a minor role in the direction of economic activity. true

Explanation:

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I hope you find this information useful and interetsing! Good luck!

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