Consider the following economic agents:
a. the government
b. consumers
c. producers
Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy?
A) consumers
B) consumers and producers
C) producers
D) the government
E) the government, consumers, and producers
E
Economics
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What will be an ideal response?
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Even if demand for a resource grows over time, ever-rising prices of the resource that result from its growing scarcity still discourage consumption
a. True b. False Indicate whether the statement is true or false
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