In a free-market system, producers will react to an increase in demand when
a. the price goes up.
b. the government announces the increased demand.
c. their costs increase.
d. the free press publishes news of the increased demand.
a
Economics
You might also like to view...
Describe some of the advantages and disadvantages of each of the following schools: linear stages, structural change, dependence and neoclassical
What will be an ideal response?
Economics
The opening of export markets for primary products can provide employment for previously underutilized land and labor. The term for this is
(a) vent for surplus. (b) comparative advantage. (c) Prebisch-Singer thesis. (d) barter trade.
Economics