In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:
A. all consumers.
B. buyers and sellers.
C. producers and input suppliers.
D. producers and government planning committees.
Answer:B
In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of:
A. all consumers. B. buyers and sellers. C. producers and input suppliers. D. producers and government planning committees.
Explanation: 24. Which of the following statements most likely lies within the realm of macroeconomics?