CLEP Economics Exam Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

Which of the following best describes the primary role of an economic system?

To respond to market failure
To address equity concerns to improve fairness
To determine the allocation of limited resources
To protect domestic producers from foreign competition

Explanation

Answer: C - To protect domestic producers from foreign competition is best describes the primary role of an economic system.

Was this helpful? Upvote!

Login to contribute your own answer or details

Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz