Explain three of the shortcomings of the free-enterprise system
What will be an ideal response?
The shortcomings of the free-enterprise system are: products may not always be produced at lowest cost, income may be unevenly distributed, and periods of inflation and unemployment may recur.
Economics
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An open market sale by the Fed causes the value of the dollar to
A) fall, increasing net exports. B) rise, reducing net exports. C) fall, reducing net exports. D) rise, increasing net exports.
Economics
A depository institution is a firm that takes deposits from ________ and makes loans to ________
A) households and firms; other households and firms B) firms only; households only C) households only; firms only D) firms only; other firms only
Economics