In a free market economy, resources are allocated through...
In a free market economy, resources are allocated through the
Government department
Price mechanisms
Trade union
State planning committee
Correct answer is B
In a free market economy, the allocation of resources and distribution of goods and services are made on the basis of the relative market price known as the price mechanism.
The total amount of money in circulation includes cash ...
A cumulative frequency graph is ...
The primary objective of all international economic organizations is to ...
One of the reason for an exceptional demand curve is the ...
Given that Q d = 20 - 4P and Qs = 6P + 12 If price is increased to N3, how much is the excess sup...
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the th...
The shape of the long-run average cost curve is best explained by the ...
The median of an odd-numbered set of scores is the ...
In a free market economy, the rationing of scarce goods is done principally by ...