The easiest economic sector to be ‘globalized' is

Lizzie's preferences are shown in the figure above. Which of the following combinations of goods does Lizzie prefer the most?

A) 6 comic books and 20 cookies B) 8 comic books and 8 cookies C) 12 comic books and 10 cookies D) 4 comic books and 12 cookies

In a market economy, supply and demand are important because they

a. play a critical role in the allocation of the economy's scarce resources. b. determine how much of each good gets produced. c. can be used to predict the impact on the economy of various events and policies. d. All of the above are correct.