In a market economy, what determines what is produced?          producers seeking profits         a consumer's capacity to buy goods and services         the government         consumers' preferences

Why the government needs to intervene in the markets?

How do countries deal with the problem of wanting neither a pure market nor a pure command economy?

Which of the following is most likely to be a free good?         schools         sunlight         jeans that are sold at clearance prices         a new restaurant giving away free tacos on "Taco Tuesday" as a way to kick-start its business

In a market-based economy, how may governmental policies or regulation impact the inputs market? They can affect workers' willingness to work or firms' willingness to hire. They can affect consumers' willingness to buy They can affect consumers' willingness to buy or firms willingness to produce. They can affect firms' willingness to produce. They can affect workers' willingness to work. They can affect firms' willingness to hire.