For whom is a given mix of goods and services to be, Ask an Expert

Economics

For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed among its members?" In a market economy, this problem is resolved primarily in the:

A) Private sector through the earning and spending of income
B) Money market through borrowing and saving by households and businesses
C) Business sector through the mechanism of advertising
D) Public sector through the mechanism of central planning

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939912

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question what are the major arguments against globalization

Question: What are the major arguments against globalization? What are the major arguments in favor of globalization? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow t ...

Question in june of 2009 the us house of representatives

Question: In June of 2009 the U.S. House of Representatives passed H.R. 2454, which introduced a "cap-and-trade" system to reduce carbon emissions associated with global warming. The federal government will issue a fixed ...

Question using exercise sketch the effects in parts a and b

Question: Using Exercise, sketch the effects in parts (a) and (b) on a single supply and demand diagram. What prediction would you make about how the improved information alters the equilibrium quantity and price? Exerci ...

Question in the early 1990s mit economist lester thurow

Question: In the early 1990s, MIT economist Lester Thurow wrote that of the three major powers in the world economy in the twenty-first century, Europe would be the leader. However, its growth rate fell far behind the US ...

Question use standard ad-as and is-lm analysis to

Question: Use standard AD-AS and IS-LM analysis to illustrate and explain the impact of a monetary expansion in the short run and in the medium run. In your answer, explain why monetary policy is effective in the short r ...

Question suppose two bonds apple inc and samsung

Question: Suppose two bonds (Apple Inc. and Samsung Electronics Co., Lid) are traded in the bond market and Ms. Wilson needs your advice on which one to buy. For the Apple bond, there is a probability of 60% (hat this bo ...

Question suppose the risk-free rate 007 and a security with

Question: Suppose the risk-free rate 0.07 and a security with a beta of +1 has an equilibrium expected rate of return of 0.06. What is the equity market premium? The response must be typed, single spaced, must be in time ...

Question you run a tutoring service for economics students

Question: You run a tutoring service for economics students. On half of all days the demand for your service is high, with Q H = 10 - 0.2P Q H is the number of hours you will work if you choose price P. On the remainin ...

Question a business that engages in substantial trading of

Question: A business that engages in substantial trading of commodities, currencies, and financial instruments must trust its traders to act with some prudence and with knowledge that the company's overall financial perf ...

Qestion assume that the production function is given by y

Question: Assume that the production function is given by Y = A K^.4 L^.6 where Y = National Income = GDP, K = 100, L = 400, and A = 10. a. Calculate National Income (Y)? Derive the equation for the marginal product of l ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert