Multiple Choice
With reference to the circular flow of income,how is the allocation of resources largely decided?
A) by central authorities only
B) by central authorities and firms only
C) by firms and households acting independently
D) by political parties and firms only
E) by individuals only
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Madeleine allows herself $100 per month for
Q13: The downward-sloping line in the diagram below
Q18: The table below illustrates that,in one day,Tristan
Q20: Which of the point(s)below is (are)true of
Q22: Suppose that a bakeshop with 5 employees
Q56: Consider Canada's production possibilities boundary.Suppose a scientific
Q65: In a pure market economy,the role of
Q103: A move from inside the production possibilities
Q109: On a diagram of a production possibilities
Q116: Which of the following represents a typical