--%>

Goods produced and sold in the US

Who decides what goods services will be produced and were sold in the US?

E

Expert

Verified

It is mostly the American consumer. The US government also plays a big role in the nation's economy, constituting roughly 36% of GDP - making it the largest and thus most influential economic institution & buyer. Manufacturers or those controlling supply may also manipulate demand through advertising and popular media.

   Related Questions in Microeconomics

  • Q : Explain about supply curve A supply

    A supply curve which is: (i) vertical is perfectly price elastic. (ii) horizontal is perfectly price inelastic. (iii) linear and goes through the origin has a price elasticity of one. (iv) rectangularly hyperbolic is also unitarily elastic. (v) trapez

  • Q : Perfectly Elastic Economic Rent A

    A uniform resource price paid for any resource which has an aggregate supply curve which is less than perfectly elastic generates an: (1) exploitation ratio. (2) investment surcharge. (3) accounting profit. (4) economic rent. (5) acce

  • Q : Claimants to a firms income stream The

    The least probable of the given to be claimants to the firm’s income stream would be the firm’s: (1) Shareholders. (2) Managers. (3) Customers. (4) Suppliers. (5) Government. Can someone please help me in finding out th

  • Q : Marginalism and characteristics Explain

    Explain about Marginalism and characteristics.

  • Q : Exploitation-Competitive Markets The

    The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor

  • Q : Labour economics Imagine Roger is

    Imagine Roger is contemplating going to school to complete a masters degree in the current period while working part time instead of full time. There are six relevant periods of his work lif, periods t=0,1,2...5. HIs earnings each period if he gets the additional education are given by Yt=100+200t

  • Q : Cross-elasticity of demand Interpret

    Interpret the following Cross-Price Elasticities of Demand (XED) and explain the relationship between these goods. (3 marks total, 1.5 marks per part) XED= + 0.64 and XED= -2.6

  • Q : Types of market economies What are the

    What are the types of market economies?

  • Q : Types of assertions for normative

    Normative statements would contain assertions such that: (1) harsh prison terms and capital punishment reduce rates of violent crime. (2) on average, Americans are more prosperous while no single political party controls the presidency that the US Sen

  • Q : Earning income within negative income

    Under the negative income tax system demonstrated in this figure, a family of four along with no earned income would have a net as after-tax, the income of: (1) $15,000 per year. (2) $10,000 per year. (3) $5,000 per year. (4) $2,500 per year. (5) $0 p