Producers have an incentive to produce those goods most desired by consumers at the lowest price in
A. a centrally planned economy.
B. a communist economy.
C. a market economy.
D. All of the choices are true.
C. a market economy.
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The expenditure multiplier arises because one person's additional expenditure becomes another person's additional income that will generate additionalÂ
A. cyclical unemployment. B. menu costs. C. expenditure. D. investment demand.
A large oligopolistic firm that unilaterally makes changes in price which competitors tend to follow is known as a: a. price leader
b. price maker. c. dominant strategy firm. d. cartel leader.
Ownership of a corporation is divided into shares that are claims on the firm's __________ and these shares are also referred to as ____________
a. assets and liabilities; bonds b. assets and liabilities; stocks c. liabilities and earnings; stocks d. assets and earnings; stocks e. assets and earnings; bonds
The flat part of the aggregate supply curve is the _____ range.
Fill in the blank(s) with the appropriate word(s).