In a market economy, people who control large amounts of capital ______.
a. have the ability to get more goods and services
b. have reduced access to goods and services
c. share goods and services equally with others
d. are elected government officials
a. have the ability to get more goods and services
Economics
You might also like to view...
During the winter of 2011-2012, the price of fuel oil increased enormously but the quantity demanded decreased only a little. This response indicates that the demand for fuel oil was
A) inelastic. B) elastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics
An increase in oil prices is considered a supply shock because it would lead to a shift of the aggregate supply curve
a. True b. False
Economics