Question

Which one of the following statements about a markel economy is TRUE? A. The growth rate of a market econormy is less than that of a planned economy. O B. Government incentives prompt producers to make high-quality goods OC. The majority of a nations land factories, and other economic resources are privately owned OD. Government regulations are a burden on commercial activities E All productive activities are owned by the state

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Answer #1

Since in the market economy the basic three questions are solved by the market forces of demand and supply curve.

These questions are what to produce, how to produce and for whom to produce.

It means all or most of the resources are owned by the private individuals.

It means nation's land, factories and others economic resources are privately owned.

Hence option c is the correct answer about the market economy.

Hence correct answer is option C.

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