In a perfectly competitive market economy the what decision is made basically by
A) engineers and scientists.
B) economists and planners.
C) government.
D) people's money votes.
E) none of the above.
Correct Answer:
Verified
Q4: Who is in charge of a market
Q5: In a market system, the what decision
Q6: The principle of the "invisible hand" claims
Q7: A society which forgoes present consumption:
A)is forced
Q8: "Distribution" in economics refers to:
A)retailing, wholesaling, and
Q10: Primary factors of production are:
A)labor, land, and
Q11: Which of the following statements is true
Q12: Policy designed to assist individual families with
Q13: Capital is defined by economists as:
A)money needed
Q14: Barter is inconvenient because:
A)bargaining power is unequal
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