The government makes all economic decisions in a market economy. Indicate whether the statement ...

Author Question: The government makes all economic decisions in a market economy. Indicate whether the statement ... (Read 143 times)

dollx

Hero Member
Posts: 558

on: Jun 29, 2018

The government makes all economic decisions in a market economy.

Indicate whether the statement is true or false

Question 2

The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called absolute advantage.

Indicate whether the statement is true or false

InMicro ¦ Hubbard, O'Brien ¦ 1^st Edition

Buy Test-Bank

janeli1

Sr. Member
Posts: 330

Reply #1 on: Jun 29, 2018

Answer to Question 1

FALSE

Answer to Question 2

FALSE

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.