The price system has
A) prices fixed by the government.
B) prices fixed by the seller.
C) voluntary exchange.
D) prices fixed by the producer.
C
Economics
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Assume that the fixed exchange rate system of 100 pesos = 1 dollar is above the equilibrium exchange rate of 90 pesos= 1 dollar in a flexible exchange rate system. Then the dollar would be
a. undervalued and the peso would be overvalued. b. overvalued and the peso would be undervalued. c. revalued. d. depreciated and the peso would be appreciated.
Economics
A system financed primarily through retrospective fee-for-service insurance reimbursement is:
a. A closed system. b. An open-ended system. c. A cost-plus system d. An efficient system. e. Both b and c.
Economics