In a modern mixed economy, who decides what goods and services will be produced?
A) only the producers B) only the government
C) only consumers D) all of the above
D
Economics
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List the characteristics of a perfectly competitive market
What will be an ideal response?
Economics
A positive economic statement:
a. contains personal and social value judgments. b. is always a mathematical expression. c. should never be used by an economist. d. is proper provided the advocator is clear the position rests on personal assessment. e. is an unbiased report of the facts of the economy.
Economics