Market-oriented economies have rules and regulations regarding:
a. the nature of the products sold in the market
b. the enforcement of legal contracts.
c. the number of sellers and buyers participating in the market.
d. the ways in which taxes can be avoided.
b
Economics
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Purchasing power parity prices are used to construct GDP data that
A) do not omit the underground economy. B) can be used to make more valid comparisons between one country and another. C) is a proper measure of economic welfare. D) adjust for differences in population.
Economics
Explain the utilitarianism principle. How is it deficient?
What will be an ideal response?
Economics