In a market system, the major coordination tasks are carried out
A. with the approval of central planners.
B. as part of the regular appropriation process of Congress.
C. irregularly by the major corporations.
D. automatically by the market mechanism.
Answer: D
Economics
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Describe the connections between rising income and environmental and social indicators. Which indicators improve and which worsen as national income rises?
What will be an ideal response?
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The circular flow model of the economy shows
a. the flow of money, goods, and services between households and firms b. why specific flows occur c. the relationship between money and goods within households d. the relationship between resources and the prices of resources e. the flow of resources from households to firms
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