Author Question: The major advantage of a market economy is that a. it maximizes the need for resource-flow data b. ... (Read 76 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
The major advantage of a market economy is that
 a. it maximizes the need for resource-flow data
  b. prices convey most of the information necessary to coordinate economic activity among firms
  c. data are aimed at central planners
  d. prices are essentially meaningless
  e. All of the answers are correct

Question 2

A firm should be transparent, meaning
 a. the windows at headquarters should be cleaned regularly
  b. if executives lie during a stockholder meeting, people should be able to see right through them
  c. someone should be able to look at the books and the balance sheet and tell exactly what's going on
  d. None of the answers is correct
  e. All of the answers are correct



Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

For a complete list of videos, visit our video library