In a market economy, resources are allocated: a. by central ...

[Sportsfan2111]

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]

Answer to Question 1

c

Answer to Question 2

a