This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true in a market economy? a. Central planners determine answers to the ... (Read 47 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 30, 2018
Which of the following is true in a market economy?
 a. Central planners determine answers to the basic economic questions.
  b. Resources are used efficiently.
  c. The distribution of wealth is equal.
  d. Information for production and distribution decisions pass directly to buyers from the government.

Question 2

As the marginal propensity to consume (MPC) increases, the spending multiplier:
 a. increases.
  b. decreases.
  c. remains constant.
  d. becomes indefinable.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


student77

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 30, 2018
Correct answers!


prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

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).

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Central and peripheral routes to persuasion Central and peripheral routes to persuasion
How to determine if a quadratic equation has a maximum or minimum when given the roots How to determine if a quadratic equation has a maximum or minimum when given the roots
The Central and Peripheral Nervous System The Central and Peripheral Nervous System
Answers only 5-8 Answers only 5-8
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library