The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
A. "Through government-funded research programs."
B. "Through redistribution of income to promote greater equality."
C. "Through training and retraining programs."
D. "Through the profit potential that encourages development of new technology."
Answer: D
Economics
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A) peak-load pricing. B) second-degree price discrimination. C) a two-part tariff. D) bundling. E) none of the above
Economics
Price ceilings lead to market surpluses
a. True b. False Indicate whether the statement is true or false
Economics