Multiple Choice
Which of the following is an example of a positive statement?
A) Prices determine what goods and services are produced in a market economy.
B) The government of the Soviet Union determined the three fundamental questions of microeconomics (i.e., what is produced, how it is produced, who receives the product) .
C) The production of goods and services should be determined by market prices.
D) A and B
Correct Answer:
Verified
Correct Answer:
Verified
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