3.2.3 - Market Economy (Free Market/Capitalism)
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Practice Questions
Test your understanding with targeted questions
What is a market economy?
💡 Hint: Think about who controls the economy.
Define consumer sovereignty.
💡 Hint: How do consumer choices affect what is sold?
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Interactive Quizzes
Quick quizzes to reinforce your learning
What characterizes a market economy?
💡 Hint: Think about who owns the businesses.
True or False: Consumer sovereignty means businesses dictate what is produced.
💡 Hint: Consider who has the power in the marketplace.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Analyze a recent economic downturn in a market economy. What were the primary causes, and how did consumer behavior influence the outcomes?
💡 Hint: Think about how people reacted to changes in the economy.
Evaluate the role of government regulation in a market economy. How can it both assist and hinder economic growth?
💡 Hint: Consider what happens when rules become too strict.
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