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Author Question: In a market system, decisions about how to allocate resources are made: a. by central planning ... (Read 80 times)

B

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on: Jun 30, 2018
In a market system, decisions about how to allocate resources are made:
 a. by central planning boards in each industry.
 b. by a lottery system.
 c. by individuals and firms interacting in markets coordinated by market prices.
  d. by large conglomerates working cooperatively with the government.

Question 2

The slower the rate of capital formation:
 a. the greater the rate of economic growth.
 b. the slower the rate of economic growth.
 c. the greater the rate of population growth.
 d. the slower the rate of growth of the money supply.


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Ddddd

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

c

Answer to Question 2

b


B

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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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