Utme 2017 Economics Question 21

Practice objective / multiple choice question 21 from the 2017 Utme Economics examination. This question covers Market Economy .

Utme 2017 Economics Objective / Multiple Choice 2 Difficulty
Topic: Market Economy
Question 21 UTME • 2017 • ECONOMICS • objective

In a free market economy, the price system allocates resources

Answer Options

A. under government direction
B. to increase consumer welfare
C. to reduce poverty
Correct Answer D. by their best alternative uses
Correct Answer
D
Correct Option:
by their best alternative uses

About This Question

This is Utme 2017 Economics Question 21. It is one of the objective questions from the 2017 Utme Economics examination.

The question covers Market Economy .

Difficulty level: 2 .

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