In a market economy, goods are allocated to
A. all potential uses.
B. all citizens on an equal basis.
C. citizens with political power.
D. citizens with both the desire and the willingness to pay for the goods.
Answer: D
You might also like to view...
"Learning by doing" results in decreased average costs of production and is illustrated by a downward shift of the firm's long-run average cost curve
Indicate whether the statement is true or false
The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. 
If Ava had first-dollar medical insurance, then she would choose to stay ________ day(s) in the hospital.
A. 3 B. 1 C. 2 D. 4
Which of the following serves as the central bank for the United States?
A. the Federal Reserve System B. the Department of Treasury C. the Federal Deposit Insurance Corporation D. the Congress
If the price of smartphones was to increase, then
A) the demand for smartphone apps would decrease. B) the demand for smartphone apps would increase. C) the quantity of smartphone apps demanded would increase. D) the quantity of smartphone apps demanded would decrease.