Author Question: According to the Application, people in Morocco bring meteorites picked up in the desert to local ... (Read 81 times)

Davideckstein7 · **on:** Jun 30, 2018

According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites.

If the Moroccan government decided to intervene in this market by requiring all meteorites be turned over to the government, and then the government decides who is allowed to purchase the meteorites and at what prices, this best describes an example of
A) a market system. B) a barter economy.
C) comparative advantage. D) central planning.

Question 2

The ratio of nominal GDP to money supply is referred to as:

A) velocity. B) inflation ratio. C) Fischer's ratio. D) price index.