True/False
In a market system, a consumer's ability to pay-but not necessarily his willingness to pay-is largely
based on his income.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q39: In the resource market,<br>A) businesses borrow financial
Q40: Which of the following guides sensible decisions
Q41: The division of labor means that<br>A) labor
Q42: Why is the right of private property
Q43: Suppose a ?rm can produce 70
Q45: Discuss the benefits of restricting business risk
Q46: Government bailouts of failing businesses, like banks
Q47: An important aspect of the market system
Q48: Explain the importance of self-interest in the
Q49: The major "success indicator" for business managers