In a mixed economy, the ultimate decision about what to produce is left to
A) buyers.
B) the government.
C) sellers.
D) all of the above
D
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Which combination of factors would most likely increase aggregate demand?
A. An increase in business taxes and a decrease in profit expectations. B. An increase in household indebtedness and a decrease in net exports. C. An increase in net exports and a decrease in government spending. D. An increase in consumer wealth and a decrease in interest rates.
If the inflation rate is 5 percent and the real interest rate is 2.5 percent, then the nominal interest rate is
A) 10 percent. B) -2.5 percent. C) 2.5 percent. D) 7.5 percent. E) 2 percent.
A manager maximizes profit when they find a level of output where marginal revenue and marginal cost are equal
Indicate whether the statement is true or false
Tallulah is a German citizen who works for Volkswagen located in Fresno, California. Tallulah's work contributes to:
A. German GDP, but not U.S. GDP. B. U.S. GNP, but not U.S. GDP. C. U.S. GDP, but not U.S. GNP. D. German GDP and U.S. GNP.