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According to Friedman, market mechanisms are consistent with which of the following? Question 20Answer a. Pricing decisions are made by supply and demand b. Consumers
According to Friedman, market mechanisms are consistent with which of the following? Question 20Answer a. Pricing decisions are made by supply and demand b. Consumers are protected from the market c. Government setting market prices for the good of society d. Collectivist doctrines e. Markets are well regulatedIn the context of economics, what does it mean to be a rational person? Question 21Answer a. To make decisions emotionally b. To make decisions logically c. To make decisions clearly d. To make decisions based on utility e. To make decisions based on the truth
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