How are the fundamental economic decisions determined in Canada?
A) These decisions are made by the country's elders who have had much experience in answering these questions.
B) The United Nations decides because Canada is a developing economy.
C) Individuals, firms, and the government interact in a market to make these economic decisions.
D) The government decides because Canada is a centrally planned economy.
C
Economics
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An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
Economics
Define the following terms and explain their importance to the study of economics: a. Antitrust policy b. Economies of scale c. Economies of scope
What will be an ideal response?
Economics