Multiple Choice
In a market economy, the incomes of consumers depend primarily upon
A) government policies in setting wages and interest rates.
B) the quantity and prices of resources that they possess.
C) the amount of savings that they have accumulated.
D) how closely connected they are to government and business leaders.
Correct Answer:
Verified
Correct Answer:
Verified
Q168: Laissez-faire capitalism is characterized by<br>A) a very
Q169: If economic profits in a particular industry
Q170: The idea that the desires of resource
Q171: A required element for specialization to lead
Q172: "Consumer sovereignty" refers to the<br>A) fact that
Q174: Suppose that an individual sees a tremendous
Q175: In a market system, a firm's employees
Q176: Two major virtues of the market system
Q177: The following table illustrates alternative production techniques
Q178: Which of the following would be primarily