An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a _____.

Define and describe the three main elements of the "inside game" of interest group activity

What will be an ideal response?

Neoclassical Economics can best be described as:

a. a body of economic literature from the classical period of Greece b. a body of economic thought that promotes state intervention in weak industries c. a body of thought that advocates free markets over state interventions d. the state-oriented policies implemented by most LDCs in the middle of the 20th century