The price system is based on:
A) a government plan
B) tradition
C) consumer demand
D) the command of a ruler
Correct Answer:
Verified
Q26: Which of the following groups determine market
Q27: What forces prices down?
A) Large consumer purchasing
Q28: The mechanism of the market system provides
Q29: What is meant by the public sector?
A)
Q30: The economic participant who decides how to
Q32: The participants in a market include:
A) households
B)
Q33: The circular nature of the economic process
Q34: Taxes may be considered:
A) additions to the
Q35: Some of the restrictions at work in
Q36: The exchange system is based on:
A) supply
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