One of the key criteria used to distinguish among different economic systems is:
a. how are allocation decisions made.
b. when are allocation decisions made.
c. where are allocation decisions made.
d. what allocation decisions are made.
a
Economics
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Which of the following is a fixed cost for ACME manufacturing?
A) wages paid to labor B) the annual fire and theft insurance premiums C) the utility bill D) raw material costs E) the cost of shipping its product to market
Economics
The Aristocrat Corporation has taken out a loan to buy manufacturing equipment. The loan represents ________ for the company
A) a bond B) a liability C) equity D) an asset
Economics