1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krok68 [10]
3 years ago
15

In a market economy, which of the following is MOST LIKELY to benefit consumers?

Social Studies
2 answers:
cluponka [151]3 years ago
8 0
<h3>Answer: A. competition among producers</h3>

==========================================================

Explanation:

Competition reduces prices while also increasing the quality of the product or service. Companies that don't do such things will likely be out of business since the customer can go elsewhere for a better experience. The more competition, the better consumers are off.

In contrast, monopolies are bad for consumers because one company can set the price to whatever they want (to a certain level of course) and the customer has no choice to pay that price. The customer does not have any other option so the company is in full control. This leads to decline in quality because quality is often associated with cost. Safety standards may decline as well. So this is why monopolies are not good for the customer. In cases where there are monopolies, such as with power utilities, it is strongly advised that government regulations are put in place. This way the company doesn't completely exploit the customer.

In short, we can eliminate choice D because it runs counter to choice A.

Choice C can also be eliminated because if you had a decrease in supply, then the price of the product is likely to go up if you hold other factors in check (such as keeping the same level of demand). Higher prices do not benefit consumers unless those consumers had an equal or better wage increase.

A raise in interest rates means that it becomes more expensive to borrow money. For example, a raise in interest rates means that mortgage rates go higher. This negative is slightly counterbalanced with the fact that savings accounts interest rates go up as well. Overall, I think a rise in interest rates means that consumers ultimately pay more, so we can cross choice B off the list as well.

Lisa [10]3 years ago
8 0
A is the correct answer.
This is because competition would make producers lower their prices to get the consumers to buy from them.
You might be interested in
Due to geographic and political factors, present-day transportation between countries in Southwest Asia is PRIMARILY
Tanya [424]

The correct answer is letter A.

Explanation: Air transport is cheaper and faster, so it is the best way to deliver and ship products in these Asian countries.

7 0
3 years ago
Read 2 more answers
Sociolization effort is a common<br>​
Mnenie [13.5K]

Answer:

yes socializing effort is a commom

5 0
3 years ago
Which of the following statements about divine command theory is true?
Kitty [74]

Answer:

D.Divine command theory states God freely chooses what and what is wrong

6 0
3 years ago
write a debate against the motion which is"schooling in the village is more advantageous than schooling in a City​
dedylja [7]

Answer:

you just got coconut malled...can i be the brainiest so i can coconut mall more people?

Explanation:

7 0
2 years ago
What happened to the Continental Army at the Valley Forge encampment?
harkovskaia [24]

Answer:

The especially harsh winter of 1777-1778 put the American army to the test, and hundreds of the 11,000 troops posted at Valley Forge died of disease. The suffering soldiers, on the other hand, were kept together by their devotion to the Patriot cause and to General Washington, who remained with his men.

4 0
3 years ago
Other questions:
  • what support exists for the idea that cave paintings depicting animals were intended to influence the hunters success
    9·1 answer
  • True or false? The candidate who wins the popular vote always becomes president. Explain.
    13·2 answers
  • What brought Sparta and Athens together as allies ¿ HELPPPPPPPPP!!!!!!!!!
    6·1 answer
  • According to Indian religious and philosophical practices, people must fulfill a moral duty which is called
    5·2 answers
  • Most leaders find that increased self-knowledge helps them leverage their strengths and increase their self-confidence. T/F
    13·1 answer
  • An excess of the neurotransmitter dopamine has been linked to which of the following dorders?
    7·1 answer
  • What type of context ckue reveals the meaning of the word apoplectic
    9·1 answer
  • How is Mexico’s government similar to the U.S. government? List similarities.
    15·1 answer
  • _____ in the Constitution, outlines the limitations on congressional powers.
    14·1 answer
  • Guys Pls help
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!