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24 April, 20:57

After this tractor was manufactured, how was it decided WHO would get it?

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  1. 24 April, 23:04
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    Options:

    A) The people who need it most are the ones who get it.

    B) The tractor was purchased by people who could afford to purchase it.

    C) The United States Department of Agriculture held a lottery to give the tractors away.

    D) The people who own the company that made the tractor held a lottery to give the tractors away

    Answer:

    B) The tractor was purchased by people who could afford to purchase it.

    Explanation:

    In a free-market economy, both the consumers and the producers have the freedom to do whatever we want with the resources that they have.

    The government will not give any orders related to the manufacture of goods. Producers have the choice to determine the type of product they want to create, how expensive it would be, and how they would market it.

    Consumers then will evaluate the product themselves and determine whether they should buy the product or not. They will consider the value and the cost of the product. If they see that the value surpassed the cost of the product, they will purchase it.
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