Multiple Choice
In the classical system, the basic economic problems are solved by:
A) Government
B) Price mechanism
C) Economists
D) Central bank
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: Suppose a firm sells its product at
Q8: _ is distinctive for much greater use
Q9: A market:<br>A)Necessarily refers to a meeting place
Q10: A hypothesis is a :<br>A)Statement of facts<br>B)Statement
Q11: Mannheim defines _as the sum of those
Q13: Average Revenue curve under monopoly is :<br>A)Upward
Q14: If you know that with 8 units
Q15: Variable costs are:<br>A)Sunk costs.<br>B)Multiplied by fixed costs.<br>C)Costs
Q16: Growth definition of economics was concerned with:<br>A)Scarcity<br>B)Welfare<br>C)Wealth<br>D)Economic
Q17: The book 'Principles of Economics' was written