Author Question: In a market economy, resources are allocated: a. by central planners using a price system. b. by ... (Read 65 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
In a market economy, resources are allocated:
 a. by central planners using a price system.
 b. by decentralized planners at the local level.
 c. by individual decision makers responding to market prices.
 d. by government bureaucracies because of the absence of a price system.

Question 2

The concept that it is very difficult to consistently pick winners in the stock market without inside information is known as:
 a. a random walk.
 b. a double coincidence of wants.
  c. the crowding out effect.
 d. arbitrage.



canderson530

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

c

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library