Multiple Choice
In a market economy,
A) Resources are allocated by the private parties who own the resources
B) Resources are allocated by the various local,state,and federal planning committees and zoning commissions
C) Shortages never exist
D) Surpluses never exist
E) Both c and d
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: An increase in consumer income can either
Q19: If an increase in the price of
Q20: Since 1990,China's growth has been<br>A)Roughly equal to
Q21: As the baby boom generation continues to
Q22: You receive a big raise at work.As
Q24: As consumer incomes rise,the demand curve for
Q25: An increase in the supply of a
Q26: Which of the following is not a
Q27: In the long run,an increase in the
Q28: The Following Questions Refer to the graph