In a capitalist economy, the answer to the question "What should be produced?" is determined by
A) the government.
B) consumers' demands for specific goods and services.
C) producers.
D) government and producers.
Correct Answer:
Verified
Q230: The introduction of the tablet computer to
Q231: The concept of human capital is important
Q232: Imagine two countries with identical endowments of
Q233: An increase in the quantity and/or quality
Q234: Society has more influence over the amount
Q236: In economics, "capital" refers to a company's
Q237: (Figure: Determining Production Possibilities 2) Which point
Q238: International trade
A) increases consumer prices.
B) increases consumption
Q239: Opportunity cost applies only to personal purchasing
Q240: (Figure: PPF of Econia (a small nation))
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents