14. Which of the following are two systems of economic coordination?

• a. Micro vs. macro
• b. Normative vs. positive organization
• c. Hierarchy vs. spontaneous order
• d. Government vs. corporations

15. A key role of markets is to provide what to or for whom?

• a. Tips about illegal activity to police
• b. Information about which goods society needs to state agencies
• c. Information about scarcities to private buyers and sellers
• d. Informal places for people to meet other people for social interaction

16. The invisible hand of the marketplace emphasizes spontaneous order.

• a. True
• b. False

17. Governments and corporations organize with hierarchical rules, but they also interact with one another through markets.

• a. True
• b. False

18. Economics as a social science seeks to discover truths about human choices in a world of scarce resources.

• a. True
• b. False

19. The simplest production possibility frontier illustrates combinations of two goods that an economy can produce.

• a. True
• b. False