In a free market system, the amount of goods and services that any one household gets depends upon its ?

Related Mcqs:

Which of the following activities is most likely to produce an externality?

A. A student eats a hamburger in the student union. B. A student reads a novel for pleasure C. A student sits at home and watches T.V D. A student has a party in her room in the student hall of residence....

Workers in Western Europe enjoy a high standard of living because ?

A. the countries of Western Europe have set high minimum wage rates. B. Unions in Western Europe keep the wage high C. none of these answers. D. The countries of Western Europe have protected their industries from foreign corporation E. Workers in the united states are highly productive...

A demand curve can shift because changing ?

A. incomes B. prices of related goods C. tastes D. all of the above...

An increase in consumer income will increase demand for a _________ but decrease demand for a?

A. substitute good, inferior good B. normal good inferior good C. inferior good normal good D. normal good, complementary good...

Which of the following products would be least capable of producing an externality ?

A. inoculations against disease B. cigarettes C. food D. education E. stereo equipment...