Alerts Wishlist Cart

Which of the following is a key factor in determining the allocation of resources in a market economy? (2023)

Practice Questions

1 question
Q1
Which of the following is a key factor in determining the allocation of resources in a market economy? (2023)
  1. Government regulations.
  2. Consumer preferences and demand.
  3. Historical resource usage.
  4. Random selection.

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is a key factor in determining the allocation of resources in a market economy? (2023)
Solution: In a market economy, consumer preferences and demand are key factors in determining resource allocation, thus option 1 is correct.
Steps: 0

Related Questions

W
Which sentence would best fit in the blank space in the following paragraph? 'Wh
Question: Which sentence would best fit in the blank space in the following paragraph? \'While socia..
W
What can be inferred about the author's attitude towards social media?
Question: What can be inferred about the author\'s attitude towards social media?Options: The author..
W
Which of the following words best captures the essence of the author's perspecti
Question: Which of the following words best captures the essence of the author\'s perspective on soc..
W
What is the relationship between verbal ability and overall performance in the C
Question: What is the relationship between verbal ability and overall performance in the CAT exam as..
W
Which of the following best summarizes the main argument of the passage?
Question: Which of the following best summarizes the main argument of the passage?Options: Verbal ab..
Biology (School & UG)
Biology (School & UG)
Chemistry (School & UG)
Chemistry (School & UG)
Civil Engineering
Civil Engineering
Commerce & Accountancy
Commerce & Accountancy
Computer Science & IT
Computer Science & IT
Current Affairs & GK
Current Affairs & GK
Data Structures & Algorithms
Data Structures & Algorithms
eBooks
eBooks
Electrical & Electronics Engineering
Electrical & Electronics Engineering
English (School)
English (School)
General Aptitude
General Aptitude
General Knowledge
General Knowledge
General Knowledge & Current Affairs
General Knowledge & Current Affairs
Languages & Literature
Languages & Literature
Law & Legal Studies
Law & Legal Studies
Major Competitive Exams
Major Competitive Exams
Mathematics (School)
Mathematics (School)
Mechanical Engineering
Mechanical Engineering
Medical Science
Medical Science
Physics (School & Undergraduate)
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Quantitative Aptitude & Reasoning
Social Science (School)
Social Science (School)
Technical
Technical
Verbal and Reasoning
Verbal and Reasoning
Vocational & Skill Development
Vocational & Skill Development
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely