Question
Question #8 What is the primary role of consumers in a free market economy? A to sustain traditional production methods B to purchase goods and services C to balance the forces of supply and demand D to meet government production goals
Answer
4.1
(265 Votes)
Orla
Expert · Tutor for 3 years
Answer
B. to purchase goods and services.
Explanation
The question asks about the primary role of consumers in a free market economy. In a free market economy, consumers play a crucial role in determining the demand for goods and services. Their purchasing power and choices directly influence the production and pricing of goods and services. Therefore, the most accurate answer from the given options is 'B' - to purchase goods and services. This is because consumers' purchasing decisions directly influence the market, leading to the production of goods and services that meet their needs and preferences. The other options do not accurately represent the primary role of consumers in a free market economy.