How producers respond to the complex wants of the population without having huge shortages or surpluses is amazing because ______.
a. producers are constantly competing against each other
b. computer software is an insufficient tool in this field
c. a single individual or agency does not decide what to produce
d. government officials constantly interfere with the market system
c. a single individual or agency does not decide what to produce
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When the actions of a central bank induce actions from other banks in the country
A) the other banks are reacting to an announcement effect. B) the other banks are concerned about a penalty rate. C) the other banks are acting to prevent liquidity problems. D) the other banks are acting as fiscal agents.
Critics of government frequently assert that special interest groups favor transfer policies rather than economic growth policies
Indicate whether the statement is true or false