In a competitive market, the quantity of a product produced and the price of the product are determined by
a. buyers.
b. sellers.
c. both buyers and sellers.
d. None of the above is correct.
c
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All of the following might create problems from financial liberalization in emerging countries EXCEPT
A) ineffective screening of borrowers. B) limits on risk-taking. C) lax government supervision of banks. D) lenders failure to monitor borrowers.
Transfer programs that do not tie benefits to contributions are called
a. social insurance programs b. income assistance programs c. health aid programs d. bonus programs e. compensation programs
While credit cards like Visa are convenient instruments to use in exchange, they are not actually money
Indicate whether the statement is true or false
If the United Kingdom imports tea cups from other countries, then U.K. producers of tea cups are better off, and U.K. consumers of tea cups are worse off, as a result of trade
a. True b. False Indicate whether the statement is true or false