Log in
Economics
1
answer
0
watching
62
views

select all the items that describe a free market economy.
 
1. limited selection of goods and services
2. freedom for consumers and producers
3. competition between businesses
4. distribution by price
5. motivated by self-interest
 

Watch
1
answer
0
watching
62
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Darryn D'Souza
Darryn D'SouzaLv10
4 Nov 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Select all the items that describe a command economy:
A. limited freedom for consumers.
B. inefficient use of productive resources.
C. usually not much economic growth.
D. encourages competition between businesses.
Which of these is a characteristic of a pure command economy?
a. The goods and services that a country produces are planned by consumers.
b. All businesses are owned by the state.
c. Prices are determined by market forces.
d. There is free and fair competition between private producers.

An important difference between the GDP deflator and the consumer price index is that:

  1. the GDP deflator reflects the prices of all final goods and services produced by a nation's citizens, whereas the consumer price index reflects the prices of all final goods and services bought by consumers.
  2. the GDP deflator reflects the prices of all final goods and services bought by producers and consumers, whereas the consumer price index reflects the prices of all final goods and services bought by consumers.
  3. the GDP deflator reflects the prices of all final goods and services produced domestically, whereas the consumer price index reflects the prices of goods and services bought by consumers.
  4. the GDP deflator reflects the prices of goods and services bought by producers, whereas the consumer price index reflects the prices of goods and services bought by consumers.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in