Multiple Choice
Consider the following economic agents:
A.the government
B.consumers
C.producers
Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy?
A) the government
B) producers
C) consumers
D) consumers and producers
E) the government, consumers, and producers
Correct Answer:
Verified
Correct Answer:
Verified
Q169: In economics, all of the following is
Q170: In 2017, Smileytown consumed 12,000 gallons of
Q171: How are the fundamental economic questions answered
Q172: Which of the following is a microeconomic
Q173: The extra cost associated with undertaking an
Q175: Which of the following is a positive
Q176: Markets promote<br>A)equity and competition.<br>B)voluntary exchange and equality.<br>C)equity
Q177: Making "how much" decisions involves<br>A)calculating the total
Q178: Explain the economic assumption that "people are
Q179: Pookie's Pinball Palace restores old Pinball machines.Pookie