The table below shows that,in one day,Claire can complete either 3 chemistry or 2 biology lab reports,while Sam can complete either 4 chemistry or 3 biology lab reports. $$\begin{array} { | l | c | l | }
\hline & \text { Chemistry Lab Reports } & \text { Biology Lab Rep orts } \
\hline \text { Claire } & 3 & 2 \
\hline \text { Sam } & 4 & 3 \
\hline
\end{array}$$ TABLE 1- 2
-In the current Canadian economy,the majority of choices on how resources are allocated are made by
A)consumers and firms through the price system.
B)the various levels of government.
C)business firms only.
D)legal contracts.
E)negotiation between unions and firms.

Question

The table below shows that,in one day,Claire can complete either 3 chemistry or 2 biology lab reports,while Sam can complete either 4 chemistry or 3 biology lab reports. $$\begin{array} { | l | c | l | } 
\hline & \text { Chemistry Lab Reports } & \text { Biology Lab Rep orts } \
\hline \text { Claire } & 3 & 2 \
\hline \text { Sam } & 4 & 3 \
\hline
\end{array}$$ TABLE 1- 2
-In the current Canadian economy,the majority of choices on how resources are allocated are made by
A)consumers and firms through the price system.
B)the various levels of government.
C)business firms only.
D)legal contracts.
E)negotiation between unions and firms.

Quizplus · Accepted Answer

The correct answer is A because in a market economy, consumers and firms make the majority of choices on how resources are allocated through the price system.

The Table Below Shows That,in One Day,Claire Can Complete Either