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Author Question: In a market economy, resources are allocated: a. by central planners using a price system. b. by ... (Read 64 times)

Sportsfan2111

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on: Jun 30, 2018
In a market economy, resources are allocated:
 a. by central planners using a price system.
 b. by decentralized planners at the local level.
 c. by individual decision makers responding to market prices.
 d. by government bureaucracies because of the absence of a price system.

Question 2

The concept that it is very difficult to consistently pick winners in the stock market without inside information is known as:
 a. a random walk.
 b. a double coincidence of wants.
  c. the crowding out effect.
 d. arbitrage.


canderson530

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

c

Answer to Question 2

a


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