Question

in which type of economy does consumer preference play the greatest role in determining economic activity?
a. mixed economy
b. market economy
c. command economy
d. traditional economy

Explanation:

In a market economy, consumers' buying - decisions (preferences) drive production and economic activity as producers respond to consumer demand to maximize profit. In a mixed economy, government also plays a role. In command economies, the government determines economic activity, and in traditional economies, it is based on customs and traditions.

Answer:

B. market economy