Economics Questions and Answers

Start Your Free Trial

In Question 2 in the link below, which statement best sums up the pluses and minuses of a market economy?   http://postimage.org/image/n50miv25z/

Expert Answers info

pohnpei397 eNotes educator | Certified Educator

calendarEducator since 2009

write35,413 answers

starTop subjects are History, Literature, and Social Sciences

Of the choices given in this question, the best answer is A.

The market economy is the type of economy that is found in Western countries such as the US, Canada, and England.  In this system, there is a great deal of economic freedom for everyone.  That includes the freedom to choose the jobs that we want and that we are qualified for, as stated in A.  At the same time, however, market economies make great inequalities in wealth possible.  People who can get jobs that are well-compensated make large amounts of money while people with fewer skills can remain poor.  We see this in every country with a market economy.

Therefore, A is the best answer.

check Approved by eNotes Editorial