🎓 GED Exam Prep

In a market economy, which of the following is primarily responsible for making economic decisions regarding production and pricing?

A The central government
B Individual consumers and producers
C A small group of appointed economic planners
D International trade organizations

✓ Correct Answer: Option B

In a market economy, economic decisions are decentralized. Individual consumers and producers interact in markets, using supply and demand to determine prices and quantities of goods and services.

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