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Author Question: In a market economy: a. collective decision-making is more important than individual ... (Read 81 times)

lak

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on: Jun 30, 2018
In a market economy:
 a. collective decision-making is more important than individual decision-making.
  b. goods and services are distributed as if by an invisible hand to those who can not afford them.
  c. profit provides an incentive to be productive.
  d. the distribution of wealth is equitably distributed.

Question 2

The formula to compute the spending multiplier is:
 a. 1 / (MPC + MPS).
  b. 1 / (1  MPC).
  c. 1 / (1  MPS).
  d. 1 / (C + I).


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mbcrismon

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


lak

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Excellent

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