The mechanism of the market system provides for:
A) the content and flow of goods and services to take place without any fixed plan
B) buyers and sellers not needing to know how the market works in order to act in it
C) the economy to function so that all participants derive some satisfaction
D) all of the above
E) none of the above
Correct Answer:
Verified
Q23: When interest rates are high, businesses like
Q24: In order to increase the GDP, it
Q25: How are decisions about production made in
Q26: Which of the following groups determine market
Q27: What forces prices down?
A) Large consumer purchasing
Q29: What is meant by the public sector?
A)
Q30: The economic participant who decides how to
Q31: The price system is based on:
A) a
Q32: The participants in a market include:
A) households
B)
Q33: The circular nature of the economic process
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