The participants in a market economy cannot pursue their goals freely because they are affected by:
A) the ratio of gold to paper money
B) economic laws
C) prices and incomes
D) the religious institution
Correct Answer:
Verified
Q44: Which is NOT a socioeconomic goal?
A) Full
Q45: Adam Smith would approve of governmental support
Q46: Liberals and conservatives would agree to some
Q47: Inflation results when:
A) demand exceeds supply
B) supply
Q48: Adequate growth of the economy refers to
Q50: Exceptions to the circular flow are:
A) incidentals
B)
Q51: Adam Smith's "invisible hand" is"
A) government
B) divine
Q52: The behavior of an individual firm is
Q53: .In microeconomics, the household is defined as
A)
Q54: Income received by firms from sources other
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