What is produced and consumed in the economy is determined jointly by
A) government policies and the economy's productive capacity.
B) the economy's productive capacity and the preferences of consumers.
C) the preferences of consumers and the behavior of business managers.
D) the behavior of business managers and government policies.
B
Economics
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All of the following are exempt from antitrust lawsuits EXCEPT
A) labor unions. B) professional baseball. C) public transportation. D) software developers.
Economics
In an economy characterized by persistent inflation, nominal GDP will usually be greater than real GDP.
Answer the following statement true (T) or false (F)
Economics