A market economy answers the question "what" goods will be produced by focusing on
a. dollar votes
b. least-cost method of production.
c. who can afford these goods.
d. none of the above
a
Economics
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Automatic stabilizers are designed to
A) moderate changes in disposable income. B) stabilize the bi-partisan budget process. C) simplify the tax system. D) promote global trade.
Economics
Which of the following statements is true?
A) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as with a stock clearance sale. B) Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited. C) Every individual, no matter how rich or poor, is faced with situations that require trade-offs. D) Any time you have to decide which action to take you are experiencing economic equity.
Economics