1) Compared to a command economy, a market- oriented economy has
A.a less even income distribution
B.keener competition for goods and services
C.more production guided by price signals
D no problem of scarcity
(HKCEE 2004 Q4)
2) Which of the following statements is a correct description of a market-oriented economy?
A. Most resources are privately owned
B. All economic problems are solved by the price mechanism
C. Income is less evenly distributed than in a command economy
D There is no non-price competition
( HKCEE 2005 Q8)
3) In a market economy, which of the following are guided by price signals?
(1) resource allocation
(2) production decisions
(3) consumption decisions
A.(1),(2)
B(1), (3)
C (2), (3)
D (1),(2),(3)
( HKCEE 2006 Q4)