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Subject - Economics:

Microeconomics

MCQ - 118-4128

Question:

Which of the following is a fundamental aspect of the free market system?

  1. A high degree of government involvement.
  2. Public ownership of resources.
  3. Private property.
  4. Public ownership of resources.
  5. Employers consult government agencies for guidance in hiring workers with appropriate job skills.

Correct Answer: C

Explanation:

Private property is fundamental to the free market economy.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following is a fundamental aspect of the free market system? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 118-4128.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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