Consider the following economic agents:
a. the government
b. consumers
c. producers

Who, in a centrally planned economy, decides what goods and services will be produced with the scarce resources available in that economy?

The order of the letters along the rows of computer keyboards could be changed to allow users to type faster, but this would inconvenience the vast majority of people who learned to type with the current keyboard layout

The costs of switching to a new layout make this change unlikely. This is an example of A) how consumers sometimes do not behave rationally. B) how the elasticity of demand for typewriters has been affected by externalities. C) path dependency. D) how social influences overwhelm the substitution effect of a price change.

________ are profits that accrue to whomever has the right to import the quota restricted good

A) Quota licenses B) Quota rents C) Quota prices D) None of the above.