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Author Question: In a market economy: a. collective decision-making is more important than individual ... (Read 82 times)

lak

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on: Jun 30, 2018
In a market economy:
 a. collective decision-making is more important than individual decision-making.
  b. goods and services are distributed as if by an invisible hand to those who can not afford them.
  c. profit provides an incentive to be productive.
  d. the distribution of wealth is equitably distributed.

Question 2

The formula to compute the spending multiplier is:
 a. 1 / (MPC + MPS).
  b. 1 / (1  MPC).
  c. 1 / (1  MPS).
  d. 1 / (C + I).


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mbcrismon

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

c

Answer to Question 2

b


lak

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  • Posts: 546
Reply 2 on: Jun 30, 2018
Excellent

xiazhe

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

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