Question
Which statement is TRUE? a. Economic surplus is greater in planned economies than market economies. b. Prices are determined at the margin in market economies,
Which statement is TRUE?
a. Economic surplus is greater in planned economies than market economies.
b. Prices are determined at the margin in market economies, but not in planned economies.
c. There are shortages only in planned economies.
d. Producers respond to the desires of consumers in both market and planned economies.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
