When collective decision making is utilized to resolve economic questions regarding the allocation of resources, then:
a. everyone will receive an equal share of the output produced
b. the preferences of individuals are of no importance.
c. economic efficiency will be assured.
d. the role of markets will be replaced by political decision making.
d
Economics
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Which of the following events could result in the consumption function shifting from CF0 to CF1?
A) a decrease in wealth B) an increase in expected future income C) a decrease in disposable income D) an increase in disposable income E) an increase in the real interest rate
Economics
List the competitive forces in the five competitive forces model
What will be an ideal response?
Economics