Multiple Choice
The circular nature of the economic process occurs from:
A) firm to firm
B) household to firm to consumer and back again
C) government to consumer
D) firm to consumer
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Congestion, pollution, urban decay and similar side
Q48: Adam Smith's "invisible hand" is"<br>A) government<br>B) divine
Q49: "Laissez-faire" is a policy that appeals to:<br>A)
Q50: Public, governmental agencies are:<br>A) firms<br>B) households<br>C) markets<br>D)
Q51: Firms sell their products in:<br>A) factor markets<br>B)
Q53: The exchange system is based on:<br>A) supply
Q54: A demand-side theory that focuses on the
Q55: Which of the following groups determine market
Q56: All consumers are recipients to an equal
Q57: One by one, the centrally-planned economies of