Multiple Choice
If a market system is functioning well, we can conclude that goods with
A) high opportunity costs tend to have high money costs.
B) low opportunity costs tend to have high money costs.
C) high opportunity costs tend to have low money costs.
D) low opportunity costs tend to have zero money costs.
E) high opportunity costs tend to have zero money costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which of the following is likely to
Q15: In a market system, _ distributes goods
Q16: Goods are distributed among people by means
Q17: Economics is generally concerned with<br>A)the operation of
Q18: What mechanism assures that firms produce outputs
Q20: Economists use the term capital to describe
Q21: A society can occasionally produce at a
Q22: The principle of comparative advantage explains specialization
Q23: Market economies are not constrained by scarcity;
Q24: The market system provides a way<br>A)to allow