Allocation schemes can be based on
A) prices.
B) randomness.
C) government decisions.
D) all of these choices.
B
Economics
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Usually the demand for labor decreases (that is, the demand for labor curve shifts leftward) if the
A) wage rate increases. B) wage rate decreases. C) price of the firm's output rises. D) prices of other factors fall.
Economics
The prices typically studied in microeconomics are
a. relative prices. b. absolute prices. c. money prices. d. retail prices.
Economics