What is the order in which an economy tries to solve the issue of resource allocation?
a. Production planning, distribution, and output selection.
b. Output selection, production planning, and distribution.
c. Production planning, output selection, and distribution.
d. Distribution, production planning, and output selection.
b
Economics
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A change in which of the following would NOT shift the supply curve for sneakers?
A) an increase in technology for making sneakers B) an increase in the price of rubber, used to make sneakers C) an increase in the price of sneakers D) None of the above, that is, each change shifts the supply curve
Economics
A monopolistic competitor: a. faces a perfectly elastic demand curve. b. faces an elastic demand curve
c. faces a unit elastic demand curve. d. faces an inelastic demand curve.
Economics