It is market where economic agents freely exchange their own goods: Option 1: Market economy Option 2: Centrally planned economy Option 3: Aggregate demand based economy Option 4: Aggregate supply based economy

The answer is 'Market economy'. View full solution:

CUET Economics - It is market where economic agents freely exchange their own goods: | PYQs + Solutions

CUET Economics

Macro

Easy

Market economy

Centrally planned economy

Aggregate demand based economy

Aggregate supply based economy

✅ Correct Option: 1

Related questions:

29 May Shift 2

In which year, the book 'The Economic Consequences of the Peace' was written by John Maynard Keynes.

29 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Ex-post investment	(I) AD function shifts upward
(B) Investment multiplier	(II) Planned Investment + Unplanned Investment
(C) Ex ante aggregate demand	(III) 1/1- MPC
(D) Owing to increase in investment	(IV) $I = c + cY$

Choose the correct answer from the options given below:

30 May Shift 2

Which parameter does not determine the income and employment in the economy.