Who is in charge of a market economy? That is, what agents and factors are the most important in determining market outcomes?
A) Large companies.
B) Congress and the president.
C) Consumers alone.
D) All producers.
E) Consumers and technology.
Correct Answer:
Verified
Q1: If price is a signal in a
Q2: A market is in equilibrium when:
A)there is
Q3: Imperfect competition is defined by:
A)unethical business practices.
B)only
Q5: In a market system, the what decision
Q6: The principle of the "invisible hand" claims
Q7: A society which forgoes present consumption:
A)is forced
Q8: "Distribution" in economics refers to:
A)retailing, wholesaling, and
Q9: In a perfectly competitive market economy the
Q10: Primary factors of production are:
A)labor, land, and
Q11: Which of the following statements is true
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