This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consumer sovereignty means that consumers vote with their dollars in a market economy, which helps ... (Read 8 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 30, 2018
Consumer sovereignty means that consumers vote with their dollars in a market economy, which helps determine what is produced.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Why is China still poor in per capita terms despite having the second-largest economy in the world in terms of real GDP?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Benayers

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

China has over 1 billion people. The huge population explains the low per capita income despite having the second-largest economy in the world.


washai

  • Member
  • Posts: 523
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
Japan’s Economy and Society Japan’s Economy and Society
From Farm to Consumer From Farm to Consumer
economy manegment economy manegment
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library