3. In the market system, how is the problem of "what to produce" solved? Directions are given by the government. People advertise their wants. People produce directly to satisfy their personal wants. There is a pattern of consumers' spending. А. В. С. D. 9. Which of the following could best be regarded as an entrepreneur? А. a bank manager В. a football club manager С. a salesgirl in a dress shop an owner of a bake shop D. 22. All of the following are important characteristics of money except А. divisible В. durable С. generally accepted D. unlimited

3. In the market system, how is the problem of "what to produce" solved? Directions are given by the government. People advertise their wants. People produce directly to satisfy their personal wants. There is a pattern of consumers' spending. А. В. С. D. 9. Which of the following could best be regarded as an entrepreneur? А. a bank manager В. a football club manager С. a salesgirl in a dress shop an owner of a bake shop D. 22. All of the following are important characteristics of money except А. divisible В. durable С. generally accepted D. unlimited

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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