This topic contains a solution. Click here to go to the answer

Author Question: The rationing function of prices means that A) government is responsible for setting the prices ... (Read 131 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
The rationing function of prices means that
 
  A) government is responsible for setting the prices of basic foods.
  B) all goods and services are produced by large firms.
  C) businesses determine what goods consumers should purchase.
  D) buyers and sellers synchronize their decisions through the price system.

Question 2

Juanita has just opened a new business selling pet supplies through the Internet.
 
  A) Juanita is an entrepreneur.
  B) Juanita is not providing economic goods since people purchase the goods.
  C) Juanita is not providing economic goods since pet supplies are not being sold in a store.
  D) Juanita is not an entrepreneur since there are other businesses that sell pet supplies.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

D

Answer to Question 2

A




cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
:D TYSM


nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

For a complete list of videos, visit our video library