In a market economy, government decides the answers to the three economic decisions.
Answer the following statement true (T) or false (F)
False
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The number of firms in an oligopolistic industry
A) must be less than 10. B) must be less than 20. C) must be small enough that firms are interdependent. D) must be large enough for firms to be independent.
The top ten causes of death in the United States in 2014 included all of the following but:
a. diabetes. b. heart disease. c. cancer. d. AIDS. e. suicide.
"Excludability" means that:
A. buyers can restrict other buyers from making purchases in that market. B. government can prevent consumers from buying the good. C. when one person buys a good, it is not available for others to buy. D. sellers can restrict the benefits of a good to those who pay for it.
Which of the following will cause an increase in U.S. gross exports?
A. An increase in U.S. consumer income. B. An increase in foreign consumer income. C. A decrease in foreign business income. D. A decrease in foreign business investment.