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36. In a free market, prices lead to an efficient allocation of resources. In other words, A. consumers can buy unlimited amounts of any good they like at a price of their choice. B. resources are used in the most valuable and productive way according to the needs of consumers and producers. C. the government decides who controls natural resources. D. people who own resources are unable to bargain with people who wish to buy resources.
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In a free market, prices lead to an efficient allocation of resources. In other words, resources are used in the most valuable and productive way according to the needs of consumers and producers.
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Asked 1/21/2014 10:16:20 PM
Updated 5/2/2018 3:04:45 PM
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In a free market, prices lead to an efficient allocation of resources. In other words, resources are used in the most valuable and productive way according to the needs of consumers and producers.
Added 5/2/2018 3:04:45 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [5/3/2018 9:42:37 AM]
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9. Which of the following industries have been deregulated in recent years? A. low-cost housing B. pharmaceuticals C. airlines D. steel
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Updated 11/27/2015 9:11:48 PM
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Airlines have been deregulated in recent years.
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Which of these industries has NOT been considered a natural monopoly in the past 30 years? A. diamonds B. water C. electricity D. phone service
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Updated 7/23/2018 11:11:08 PM
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Diamonds has NOT been considered a natural monopoly in the past 30 years.
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Confirmed by jerry06 [7/23/2018 11:10:54 PM]
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Updated 7/23/2018 12:53:49 PM
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Bookbags is an example of monopolistic competition.
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32. Which of these is most likely to lead directly to a black market? A. a supply shock B. a price floor C. rationing D. equilibrium
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Updated 9/15/2014 12:28:50 PM
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Rationing is most likely to lead directly to a black market.

Added 9/15/2014 12:28:50 PM
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Confirmed by yumdrea [9/15/2014 12:39:15 PM]
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