The following question are based on the following circular flow diagram:
-In a free market,the price system provides for an adequate rate of growth by
A) making the augmentation of a society's resources unprofitable.
B) ensuring an upward-sloping supply curve.
C) meeting each consumer's demand.
D) providing strong incentives for firms to introduce new technology.
E) ensuring that each good is produced in the proper amount.
Correct Answer:
Verified
Q37: The following question are based on the
Q38: The following question are based on the
Q39: A decrease in supply
A) is unrelated to
Q40: There is neither excess supply nor excess
Q41: In a free market,producers' desires to maximize
Q43: If actual price is above equilibrium price
A)
Q44: The following question are based on the
Q45: In a free market,the price system determines
Q46: In a market economy,who gets what
A) depends
Q47: In a free market,actual price will
A) remain
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