_______ ensure that resources are allocated to where they are most highly valued

a. Communist governments
b. Consumers
c. Suppliers
d. Non-governmental organizations
e. Markets


e

Economics

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Which of the following countries had the lowest GDP per capita in 2014?

A) Central African Republic B) Mexico C) France D) Argentina

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Households ________ factors of production and ________ goods and services

A) demand; supply B) demand; demand C) supply; supply D) supply; demand

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Under perfect competition, the average revenue curve of the firm coincides with its average cost curve

a. True b. False Indicate whether the statement is true or false

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Stagflation refers to a situation in which the economy is experiencing:

A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.

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