In a market economy, supply and demand are important because they
a. play a critical role in the allocation of the economy's scarce resources.
b. determine how much of each good gets produced.
c. can be used to predict the impact on the economy of various events and policies.
d. all of the above are correct.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a market economy, supply and demand are important because they a. play a critical role in the allocation of the economy's scarce ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Company uses the direct write-off method to account for uncollectible receivables. On April 18, Wears wrote off a $ 6 comma 100 account receivable from customer W. Jalan.
Answers (1)
Today, you signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How many loan payments must you make before the loan is paid in full?
Answers (1)
How would you assess this sample value proposition: "ABC, Inc. delivers revenue-focused marketing automation and sales effectiveness solutions to unleash collaboration throughout the revenue generation ecosystem". a. It's unclear and succinct. b.
Answers (1)
Pierce Bailey, a sales executive at a mobile service company, needs to document details of the sales calls he makes on a daily basis.
Answers (1)
If an investment is 70 percent likely to return 10 percent per year and 30 percent likely to return 15 percent a year, then its average expected rate of return is
Answers (1)
New Questions in Business
For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget of planned air miles to be flown. A fuel budget. A materials budget for aircraft parts. A labor budget for flight crew.
Answers (2)
When interpreting the ed value as either elastic or inelastic, we look at the?
Answers (1)
A noted business executive said, "A company's first obligation is to be profitable. Unprofitable enterprises can't afford to be socially responsible." Do you agree? Discuss.
Answers (1)
Power and performance sports are dominant today because they do not foster the interests of people and organizations with the resources to sponsor and stage large sports events.
Answers (1)
9) Consider the following four alternatives: 1. $132 received in two years. 2. $160 received in five years. 3. $200 received in eight years. 4. $220 received in ten years.
Answers (1)