The ultimate goal of a market economy is to ensure that the government takes complete control over the distribution of a nation's resources. False The government makes nearly all economy-related decisions in a market economy.
The government makes nearly all economy-related decisions in a market economy. False One of the reasons for the decline of central planning was its failure to create economic value for customers. True Central planning led to little economic growth and consistently low standards of living. True
Nations with the poorest infrastructures and lowest personal incomes are called developing countries. True One of the key obstacles faced by countries in economic transition is the lack of managerial expertise. True Businesspeople who accept the risks and opportunities involved in creating and operating new business ventures are called ________.