The use of the coordinate system allows
a. for the display of the flows of dollars, goods and services, and factors of production in an economic system.
b. for the display of how labor and other resources are organized in the production process.
c. for the display of two variables on a single graph.
d. for the creation of pie charts and bar graphs.
c
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Competition between banks
A) encourages greater risk taking. B) encourages conservative bank management. C) increases bank profitability. D) eliminates the need for government regulation.
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.