How Do Prices Direct Economic Activity In A Market Economy (Answers) | Answer Key - Edubirdie

University:
College of the Holy Cross
Course:
ECON 110 | Principles of Economics
Academic year:

2023
Views:

192

Pages:

1
Author:

Trevon Bernard

How do prices direct economic activity in a market economy? Select one: a. by eliminating the need for government intervention b. by allocating goods and services produced in the most equitable way c. by reducing scarcity of the goods and services produced d. by influencing the actions of buyers and sellers Feedback The correct answer is: by influencing the actions of buyers and sellers Question text Which of the following is NOT a characteristic of markets? Select one: a. Government policies do not affect the decisions of firms and households. b. Firms decide whom to hire and what to produce. c. Firms and households guide the decisions based on profit and self-interest. d. Households decide which firms to work for and what to buy with their incomes. Feedback The correct answer is: Government policies do not affect the decisions of firms and households.

Related Documents

How Do Prices Direct Economic Activity In A Market Economy (Answers)

How Do Prices Direct Economic Activity In A Market Economy (Answers) - Page 1

of 1

Recommended Documents

Test Bank and Solutions For Macroeconomics 11 Edition Part 1

Test Bank and Solutions For Macroeconomics 11 Edition Part 1

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Aggregate Supply and Aggregate Demand

Aggregate Supply and Aggregate Demand

College of the Holy Cross ECON 110 | Principles of Economics

Lecture Note

What Are the Four Types of Economic Utility

What Are the Four Types of Economic Utility

College of the Holy Cross ECON 110 | Principles of Economics

Lecture Note

Test Bank and Solutions For Macroeconomics 11 Edition Part 2

Test Bank and Solutions For Macroeconomics 11 Edition Part 2

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Three Basic Economic Questions

Three Basic Economic Questions

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Monopoly - Principles of Macroeconomics

Monopoly - Principles of Macroeconomics

College of the Holy Cross ECON 110 | Principles of Economics

Lecture Note

Compare And Contrast Fundamental Risk and Particular Risk

Compare And Contrast Fundamental Risk and Particular Risk

College of the Holy Cross ECON 110 | Principles of Economics

Lecture Note

What is Economics Test Bank

What is Economics Test Bank

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Principles of Economics Midterm 1 Cheat Sheet

Principles of Economics Midterm 1 Cheat Sheet

College of the Holy Cross ECON 110 | Principles of Economics

Cheat Sheet

Microeconomics Practice Introduction

Microeconomics Practice Introduction

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Time-and-material Pricing is Widely Used in Service Industries

Time-and-material Pricing is Widely Used in Service Industries

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key

Monopolistic Competition Tutorial Solutions

Monopolistic Competition Tutorial Solutions

College of the Holy Cross ECON 110 | Principles of Economics

Answer Key