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Author Question: Consumer sovereignty means that consumers vote with their dollars in a market economy, which helps ... (Read 58 times)

washai

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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?


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Benayers

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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

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

samiel-sayed

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Reply 3 on: Yesterday
Excellent

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