Statements about a market economy

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Which one of the following statements about a market economy is? FALSE?

A. There is less government intervention.

B. All productive activities are owned by the state.

C. The interaction of supply and demand determines the quantity in which goods and services are produced.

D. When supply and demand change for a good or? service, so does its selling price.

E. The majority of a? nation's land,? factories, and other economic resources are privately owned.

Reference no: EM131005364

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