Weegy: The result of limited resources is that: We must make choices.
User: At a price of $62.00, people are buying all of the microwave ovens produced at the MZ factory. In this case, $62.00 is called the _______ price.
A. steady market
B. market clearing
C. fixed market
D. shortage market
Weegy: At a price of $62.00, people are buying all of the microwave ovens produced at the MZ factory. In this case, $62.00 is called the MARKET CLEARING price. (otherwise known as equilibrium price).
User: The way a country answers the three basic economic questions determines its
A. factors of production.
B. economic system.
C. exchange policy.
D. property factors.
Weegy: The way a country answers the three basic economic questions determines its economic system.
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