Help economics !!, The market system's answer to the fundamental question "Who will get

Help economics !!

The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: 1) "Those willing and able to pay for them." 2) "Those who physically produced them." 3) "Those who most need them." 4) "Those who get utility from them."

View Complete Question

Related Questions in Microeconomics

Q : Rate of return by perpetuity price A

A perpetuity currently priced at $5000 which will pay $200 annually all times generates a rate of return of: (w) 4%. (x) 4.8%. (y) 5%. (z) 3.5%. Hey friends please give your opinion for the problem

Q : Intersection of demand and supply curves

What determines the intersection of demand and supply curves?

Q : Relationship between MPS and multiplier

Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.

Q : Collective bargaining agreement Provide

Provide the solution of this question. A COLA is a clause in a collective bargaining agreement that: 1) specifies that one or more soft drink machines be available in each plant. 2) requires nonunion workers nevertheless to pay union dues. 3) automatically adjusts vac

Q : Perfectly facing of all price takers

All price-taker firms face absolutely: (w) elastic demand curves. (x) unitary supply curves. (y) inelastic demand curves. (z) inelastic output curves. Hey friends please give your opinion for the problem of

Q : Social welfare function what do you

what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.

Q : Types of Cost Types of Cost : A) Direct

Types of Cost: A) Direct costs: clearly chargeable to a work package: labour materials equipment other

Q : Problem on double taxation The word ‘

The word ‘double taxation’ signifies to: (i) The Corporation paying both the federal and state taxes. (ii) Corporations paying the corporate income tax and shareholders paying the personal income tax on dividends. (iii) Both partners in pa

Q : Get economic profit by economic rent

When you quickly attain economic profit because you build a store on rented land which turns out to be located conveniently for potential customers, in that case: (w) profit will increase when you buy the land after your lease expires. (x) rent will a

Q : Market structure in barriers of entry A

A market structure in that barriers of entry tend to be important, with sales being dominated by some large firms is: (w) a monopoly market. (x) a monopolistically competitive market. (y) an oligopoly. (z) perfectly competitive market.

Discover Q & A

Leading Solution Library

Avail More Than 1449975 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1921771
Asked

3,689

Active Tutors

1449975

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment