The adjustment of the ____________ is the rationing mechanism in market economies.

A. price
B. competition
C. government
D. None of the choices are correct.

A. price

Economics

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Membership in the Federal Reserve System

A) is held by state-owned banks only. B) is held collectively by all banks in the banking system. C) is held by only a minority of banks in the banking system. D) is held by banks that also have branches outside the United States.

Economics

An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative

a. True b. False Indicate whether the statement is true or false

Economics