A society's institutions
A) Include the laws and customs that determine the allocation of resources
B) Have no effect on people's abilities to make decisions
C) Are irrelevant when studying an economy
D) Are not related to the control of society's resources
Correct Answer:
Verified
Q1: In deciding on how to spend their
Q2: The most common form of economic decentralization
Q4: Economists think of products as being in
Q5: assume that people are motivated by
A) Human
Q6: Microeconomics
A) Studies individual decision making
B) Studies aggregate
Q7: Which of the following is NOT an
Q8: In a capitalist economy,
A) The state controls
Q9: A _ is an enforceable claim on
Q10: In a free market system
A) There is
Q11: In a communist economy,
A) The state controls
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