Multiple Choice
Under a pure price system, the decision of resource allocation is made by
A) the head of the government.
B) a queen or king.
C) individuals who own the resources.
D) no one.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q58: Economic models<br>A)should be designed so as to
Q60: Economics seeks to use only positive analysis
Q66: "All Americans should have access to health
Q105: The slope of a nonlinear curve is
Q108: Positive economic analysis is supposed to be<br>A)
Q147: Normative economic analysis tends to<br>A) generate testable
Q157: Economics is an empirical science, which means
Q221: In an economic model, assumptions<br>A) must be
Q241: Economists assume people behave<br>A) instinctively.<br>B) rationally.<br>C) irrationally.<br>D)
Q290: Which of the following is NOT a