In a free enterprise economy, the problems of what, how and for whom to produce are solved by :
A) a planning committee
B) the price mechanism
C) the planning commission
D) none of these.
Correct Answer:
Verified
Q1: The curve showing the possibilities of production
Q2: Which one of the following definition of
Q3: A hypothesis is tested by:
A)the realism of
Q5: Who considered Political Economy as "an enquiry
Q6: Which of the following definitions of Economics
Q7: Which of the following embodies a more
Q8: The fundamental problem faced by an economy
Q9: Production possibilities curve does not show:
A)what to
Q10: State whether Economics is :
A)a positive science
Q11: Who of the following emphasized the normative
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