A strength of the market economy is that:
a. it results in an equal distribution of wealth.
b. resources are used efficiently.
c. planners rather than consumers determine answers to the basic economic questions.
d. information for production and distribution decisions passes directly from the government to buyers.
b
Economics
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Which of the following is one way the Federal Reserve Bank serves the government?
(A) Financing state government projects. (B) Making loans to the government. (C) Minting coins for the government. (D) Selling government securities.
Economics
Which of the following is not a main function of the entrepreneur?
A. To make routine pricing decisions. B. To innovate. C. To assume the risk of economic losses. D. To make strategic business decisions.
Economics