Author Question: Which of the following are characteristics of a perfectly free economy? a. There are numerous ... (Read 22 times)

rosent76 · **on:** Jun 19, 2018

Which of the following are characteristics of a perfectly free economy?

a. There are numerous buyers and sellers, none of whom has a substantial share ofthe market.
b. All buyers and sellers can freely and immediately enter or leave the market.
c. Every buyer and seller has full and perfect knowledge of what every other buyerand seller is doing, including knowledge of the prices, quantities, and quality ofall goods being bought and sold.
d. All the above
e. B & C

Question 2

An example of an acceptable use of employees' medical information would be __ .

A. for reporting to the government
B. to determine eligibility for employment
C. for determining benefits that would be needed
D. to gather companywide statistics to share with employees