Which of the following is a function of the U.S. federal government?
A) deciding for whom firms should produce goods and services
B) distributing private goods and services
C) providing the legal and social framework for economic activity
D) determining what wages firms will pay their workers.
E) deciding how much to produce of private goods and services
C
Economics
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The quantity produced in a monopolistically competitive market is ________ than the quantity produced in a perfectly competitive market, and the price charged in a monopolistically competitive market is ________ than the price charged in a perfectly
competitive market. A) higher; higher B) lower; higher C) higher; lower D) lower; lower
Economics
Capital resources include money and other financial assets
a. True b. False Indicate whether the statement is true or false
Economics