Which of the following is a requirement for a market economy a. Money as a medium of exchange b. Property rights C. Trust d. Physical infrastructure e. All of the above

Name the three main economic markets, and describe how an individual might participate in each one as a buyer or a seller  

How are goods and services allocated in a market economy? O by government decisions O by giving each individual just enough for a decent standard of living by the actions of all firms and consumers by inherited rights and properties

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.