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

Author Question: What sets prices in a market economy? What will be an ideal ... (Read 111 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jul 10, 2018
What sets prices in a market economy?
 
  What will be an ideal response?

Question 2

How do most adults make their living in a market economy?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zebsrer

  • Sr. Member
  • ****
  • Posts: 284
Reply #1 on: Jul 10, 2018
Answer to Question 1

The impersonal forces of supply and demand set prices and therefore regulate the kinds of economic activity that occur.

Answer to Question 2

Most adults make their living by selling something on the market.


P68T

  • Member
  • Posts: 509
Reply 2 on: Jul 10, 2018
Excellent

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

The tone of the nurse-patient introduction sets the stage for the patient interview and patient care The tone of the nurse-patient introduction sets the stage for the patient interview and patient care
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
A Tough Economy ...for students A Tough Economy ...for students
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library