3. Imagine trying to run a contemporary market economy without ea of the following. What problems do

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3. Imagine trying to run a contemporary market economy without ea of the following. What problems do you think would arise? What might people have to do to get around the la of ea one?

a. Money

b. e expectation that most people will not eat

c. An organized way of keeping people from adulterating foods or selling medicines that do not work

d. A system of roads, canals, or railways

e. Phone and computer connections

f. An expectation that individuals will take the initiative in decision making

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Microeconomics In Context

ISBN: 9781138314566

4th Edition

Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras

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