Under a market system of resource allocation
a. prices determine what consumers buy while the government determines what firms produce
b. prices determine what firms produce while the government determines what consumers buy
c. prices determine both what firms produce and what consumers buy
d. the government determines both what firms produce and what consumers buy
e. the government allocates resources while prices allocate goods and services
C
Economics
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Indicate whether the statement is true or false
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What properties distinguish private goods from public goods?
a. preventive and curative b. exclusiveness and rivalry c. social and cooperative d. merit and lack of merit e. market and nonmarket
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