Multiple Choice
In a market economy, the decision regarding allocation of resources is made by
A) automatic forces of supply and demand.
B) authorities in Washington, D.C.
C) planners in state capitals.
D) committees from a variety of economic interest groups.
E) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: Waiting in line to get a free
Q31: Which of the following is not an
Q32: What is the basic task that economists
Q33: If a farmer's opportunity cost of producing
Q36: What mechanism assures that producers use inputs
Q38: What determines the position and shape of
Q39: Few bother to think about what makes
Q104: Probably the most important source of efficiency
Q267: Voluntary exchange<br>A)is usually beneficial to one party,
Q272: Since it is a centrally planned economy,