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Author Question: Which concept explains how individual consumers in market economies determine what is to be ... (Read 64 times)

jc611

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on: Jun 30, 2018
Which concept explains how individual consumers in market economies determine what is to be produced?
 a. competition
 b. consumer sovereignty
 c. decentralized decision-making
  d. free enterprise

Question 2

A rational individual would rather receive 5,000 today than receive 6,000 in one year if the applicable nominal interest rate was 10.
 a. True
  b. False
  Indicate whether the statement is true or false


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coreycathey

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

b

Answer to Question 2

False


jc611

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

yeungji

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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