Which of the following carries out the distribution process by rationing goods on the basis of preferences and relative incomes?
a. Administered system
b. Government
c. Price system
d. Central planning
c
Economics
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The demand curve facing a monopolist
a. is kinked at the market price b. is perfectly elastic c. lies above its marginal revenue curve d. lies below its marginal revenue curve e. is the same as its marginal revenue curve
Economics
A financial intermediary is
A. a firm that specializes in borrowing funds from savers and lending those funds to investors. B. publicly owned but managed in the public interest. C. a firm that regulates the money supply. D. All of the choices are true of a financial intermediary.
Economics