Which of the following statements about economic decision making is TRUE?
A) In a market-directed economy, the micro-level decisions of individual producers and consumers determine the macro-level decisions.
B) Government planning usually works best when economies become more complex and the variety of goods and services produced is fairly large.
C) The United States may be considered a pure market-directed economy.
D) Command economies usually rely on market forces to determine prices.
E) All of the above are true statements.
Correct Answer:
Verified
Q262: In a command economy
A) producers generally have
Q264: Price is a rough measure of _.
A)
Q265: In a _ the individual decisions of
Q268: Which of the following statements about economic
Q270: _ NOT the government's job in a
Q271: Identify the incorrect statement about market-directed economies.
A)
Q271: Which of the following is NOT true
Q274: The role of price in a market-directed
Q277: Whether a macro-marketing system is fair or
Q277: Which of the following statements about a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents