What is the function of an economic system?
a. to make sure all people have equal access to goods
b. to produce and distribute goods and services
c. to give all producers the same access to consumers
d. to make sure people are paid for their labor
Answer: to produce and distribute goods and services.
Economics
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When economists say investment is autonomous, they mean that investment is independent of the level of saving
a. True b. False Indicate whether the statement is true or false
Economics
If Germany's Real GDP rises, this tends to ________________ United States exports, shifting the United States AD curve to the ___________________
A) raise; right B) raise; left C) lower; right D) lower; left
Economics