The market system's answer to the fundamental question "Who will get the goods and services?" is essentially:
A. "Those willing and able to pay for them."
B. "Those who physically produced them."
C. "Those who most need them."
D. "Those who get utility from them."
Answer: A
You might also like to view...
Ice Cream ConesTotal Utility150 280 395 495 Using Table 5-3, graph the marginal utility curve.
What will be an ideal response?
If the exchange rate rises, which of the following falls in the open-economy macroeconomic model?
a. desired net exports and desired net capital outflow b. desired net exports but not desired net capital outflow c. desired net capital outflow but not desired net exports d. neither desired net exports nor desired net capital outflow
When analyzing a problem, if an economist is attempting to understand why something happened without considering whether or not the action was fair or just, the economist is thinking
A. positively. B. justifiably. C. normatively. D. negatively.
To a prospective full-time college student, the cost of a college education reflects the cost of
A. tuition and fees. B. tuition. C. tuition, fees, books, and supplies, plus any income foregone while in school. D. tuition, fees, books, and supplies.