Homework Help: Economics

Posted by Anonymous on Monday, January 10, 2011 at 5:19pm.

Who gets scarce resources in a market economy?
A) the government
B)whoever is willing and able to pay the price
C)whoever wants them
D)Whoever the government decides gets them

Economics - Ms. Sue, Monday, January 10, 2011 at 5:20pm
What is YOUR answer?
Economics - Anonymous, Monday, January 10, 2011 at 5:22pm
A?
Economics - Ms. Sue, Monday, January 10, 2011 at 5:25pm
The government does not govern a market economy.

Check this definition of a market economy -- which is basically what is in effect in the U.S.

http://www.investorwords.com/2971/market_economy.html
Economics - Anonymous, Monday, January 10, 2011 at 5:27pm
so then either B or C?
Economics - Ms. Sue, Monday, January 10, 2011 at 5:39pm
Who do you suppose will get this resource -- the person who will pay $10 a pound or the person who will pay only $1.00 a pound for it?
Economics - karim, Sunday, March 25, 2012 at 5:56pm
c
Economics - d, Monday, August 27, 2012 at 11:43pm
e
Economics - john, Friday, January 18, 2013 at 2:25am
?

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