government

in a capitalist economy, the laws of supply and demand determine
a. taxes
b. social services
c. prices
c

  1. 👍 0
  2. 👎 0
  3. 👁 24
asked by jere
  1. yes

    1. 👍 0
    2. 👎 0
    posted by Writeacher

Respond to this Question

First Name

Your Response

Similar Questions

  1. microeconomics

    What condition must be met in order to conclude that an economy is maximizing social well-being? Do the equilibriums given by individual markets necessarily lead to the maximization of social well-being (that is, if demand is

    asked by Chris on March 2, 2011
  2. Econ

    For a typical negative externality market graph, with Demand curve (also labelled private value), and supply curve (private cost) and a social cost curve above the supply curve. What is the optimal quantity that maximizes total

    asked by Anonymous on March 5, 2007
  3. Econ

    How does the aggregate goods and services market differ from the regular (microeconomic) supply and demand market? In other words, how does aggregate demand and aggregate demand differ from normal supply and demand? Address the

    asked by Lisa on March 12, 2012
  4. Social Studies

    1: The government must provide some goods and services because A: they are too expensive for entrepreneurs to provide. B: demand for them is greater than supply. C: private producers have no incentive to do so. D: not many people

    asked by Anonymous on January 21, 2015
  5. business

    which one of these are true? In a capitalist economy: a) one might a profit b) one would pay no taxes

    asked by Jane on October 3, 2008
  6. microeconomics

    If the price of oil falls below $50 per barrel, then the supply of the goods and services whose poduction involves a lot of oil will increase. The incresase in supply will cause the prices for these goods and services to fall.

    asked by Brittany on February 8, 2007
  7. Economics

    How is elasticity of supply related to elasticity of demand? Is this correct? I know that the terms supply and demand refer to the behavior of people as they interact with one another in markets. Buyers determine demand and

    asked by Laura on February 26, 2009
  8. Economics help

    What is the short-run effect on the exchange rate of an increase in domestic real GNP, given expectations about future exchange rates? Imagine that the central bank of an economy with unemployment doubles its money supply. In the

    asked by Kacey on October 18, 2006
  9. Economics

    Determine whether each of the following would cause a shift in the aggregate demand curve, the aggregate supply curve, neither, or both. Which curve shifts, and in which direction? What happens to aggregate output and the price

    asked by Jeffrey on September 6, 2006
  10. economics

    in the simple economics of a competitive market price increases under which condition: a) demand is constant. supply declines b) demand decreases. supply increases c) demand and supply rise concomitantly d) demand and supply

    asked by Louis on April 30, 2008

More Similar Questions