The market system works by getting each person, motivated by his or her own self-interest, to produce products for other people
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which of the following is a component of aggregate demand?
A. Consumption B. Income C. Taxes D. Transfer payments
A tariff is a limitation on the amount of a good that can be imported
a. True b. False Indicate whether the statement is true or false
Antitrust laws allow the government to
a. collect revenues through the antitrust tax. b. break up companies. c. purchase privately-held companies through eminent domain. d. All of the above are correct.
Which of the following is NOT a part of GDP?
A. The value of sales of stocks and bonds bought and sold during the year
B. The value of a haircut
C. The value of a new car produced and purchased during the year
D. The value of new houses built during the year