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Question:
___________ is a market where economic agents can freely exchange their endowments with each other.
___________ is a market where economic agents can freely exchange their endowments with each other.
Updated On: Oct 29, 2024
- Market economy
- Centrally planned economy
- Aggregate demand-based economy
- Aggregate supply-based economy
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The Correct Option is A
Solution and Explanation
A market economy allows free exchanges between economic agents based on supply and demand.
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