Justifyyy What is the purpose of a free-market system?a. to protect the conditions that enablespecializationb. to stimulate the growth of the gross domesticproductc. to raise the standard of living for everyone inthe countryd. to allow consumers and producers to maketheir own decisions

Most countries began to abandon the concept of a free-market economy after the Great Depression.…

Answered: c. to raise the standard of living for…

c. to raise the standard of living for everyone in the country d. to allow consumers and producers to make their own decisions

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section7.3: Economic Growth And Public Policy

Problem 3QQ

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Question

Justifyyy

What is the purpose of a free-market system?
a. to protect the conditions that enable
specialization
b. to stimulate the growth of the gross domestic
product
c. to raise the standard of living for everyone in
the country
d. to allow consumers and producers to make
their own decisions

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