Which of the following statements is true?
A) The government plays absolutely no role in economies characterized by communism.
B) Competition among firms is likely to be higher in communist economies than in market economies.
C) The government plays absolutely no role in economies characterized by market economies.
D) Competition among firms is likely to be higher in market economies than in communist economies.
D
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You review a salesman's income over a 5-year period. You note it fluctuates tremendously from year to year, yet his consumption of goods and services remains consistently at the same level, year after year
Does this mean that income is not a determinant of consumption, or could something else explain his behavior?
Which of the following has been suggested as reasons for Mexico's slow economic growth?
A) Mexico's long-ruling PRI political party B) Mexico's Spanish colonial background C) Mexico's legal restrictions on the financial sector D) all of the above