All of the following statements describe a market economy except:
A. Government prescribes the market prices for goods and services
B. Prices provide important signals to buyers and sellers
C. The allocation of resources is determined by their prices
D. The actions of buyers and sellers establish a product's price
Answer: A
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Explain and show graphically the effect of a decrease in U.S. budget deficits that decrease U.S. interest rates on the demand and supply of U.S. dollars for euros
What will be an ideal response?
Explain some of the steps that a government would wish to adopt in an inflationary environment.
What will be an ideal response?
Jose earns $150,000 per year and Josephina earns $80,000 per year. If Jose pays $15,000 in income taxes and Josephina pays $5,000 in income taxes, the income tax system would be
A. progressive. B. regressive. C. proportional. D. marginal.
If MR A. fewer than this quantity.
B. zero.
C. more than this quantity.
D. at this quantity.