The decisions of firms and households are
A) coordinated by but not totally controlled by the government.
B) made independently of one another.
C) controlled by but not totally coordinated by the government.
D) coordinated by markets.
E) unexplainable by the circular flow model.
D
Economics
You might also like to view...
A supply restriction on imported goods, such as the government's restriction of imported oil for many years, is referred to as
A) an export quota. B) an import quota. C) a price floor. D) a price ceiling.
Economics
Which of the following industries is most likely to exhibit the characteristic of free entry?
a. nuclear power b. municipal water and sewer c. dairy farming d. airport security
Economics