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  • 03-02-2020
  • Social Studies
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(T/F) In our economic system, consumer needs and wants to determine, to a large extent, what goods and services will be produced.

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raphaelford343
raphaelford343 raphaelford343
  • 04-02-2020

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

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