In a market system, the major coordination tasks are carried out
a. with the approval of central planners.
b. as part of the regular appropriation process of Congress.
c. irregularly by the major corporations.
d. automatically by the market mechanism.
d
Economics
You might also like to view...
The principle of voluntary exchange is based on the idea of
A) making assumptions. B) rational self-interest. C) thinking at the margin. D) isolating variables.
Economics
Refer to the scenario above. Which of the following will happen in equilibrium if Harry is known to be trustworthy?
A) Tom will trust Harry and Harry will cooperate. B) Tom will trust Harry and Harry will defect. C) Neither of them will make any money. D) Only Harry will make money.
Economics