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Author Question: Which of the following correctly explains the role of the government in a free market? A) The ... (Read 77 times)

littleanan

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on: Jun 30, 2018
Which of the following correctly explains the role of the government in a free market?
 
  A) The government acts as a referee by enforcing contracts and preventing stealing.
  B) The government sets prices according to the relative value of each good.
  C) The government allocates goods to those buyers who value the goods the most.
  D) The government sets production quotas for sellers in the market.

Question 2

Which of the following is TRUE?
 
  A) MPC + MPS = 1 B) MPC  MPS = 1 C) MPC - MPS = 1 D) MPC / MPS = 1


heyhey123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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