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Author Question: Consumer sovereignty means that consumers vote with their dollars in a market economy, which helps ... (Read 60 times)

washai

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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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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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Reply 2 on: Jun 30, 2018
Gracias!


ultraflyy23

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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