Which of the following is a benefit of the price system?
A) the existence of positive externalities
B) the production of public goods
C) Consumers have what they want since politicians and business managers decide what is to be produced.
D) the freedom of consumers to decide what they want to purchase
Answer: D
Economics
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Analysis of macro policy and theory has resulted in of the following views?
A) There should be no constraints imposed on fiscal or monetary policy. B) A constitutional amendment is the most appropriate method to constrain fiscal policy. C) The heads of the central bank should be chosen by popular elections. D) all of the above E) none of the above
Economics
Differentiate between a public good and a common resource good
Economics