Who or what allocates an economy's scarce resources?
A) economic planners
B) producers who use resources
C) prices for resources
D) government regulation of scarce resources
Correct Answer:
Verified
Q1: What happens in a competitive market?
A) Only
Q2: What is the term for buyers and
Q4: What is an example of a perfectly
Q5: What happens in a competitive market?
A) There
Q6: In a competitive market, why does each
Q7: Which of the following best describes a
Q8: Which of the following is NOT a
Q9: What type of market is a monopoly?
A)
Q10: Which of the following are the words
Q11: What represents the behaviour of buyers?
A) demand
B)
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