In the Canadian Economy, Most Decisions Regarding Resource Allocation Are

question 33

Multiple Choice

In the Canadian economy, most decisions regarding resource allocation are made by

• A)the various levels of government.
• B)consumers and producers interacting in the price system.
• C)legal contract.
• D)business firms only.
• E)negotiation between unions and firms.

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Definitions:

Inheritance Interest

The stake or claim that an individual has in the property or estate of a deceased person.

Claim

A demand for something as due or owed, typically a request for money, property, or rights from a party believed to be liable.

Form Of Ownership

The legal structure that defines the ownership of a firm or asset, such as sole proprietorship, partnership, or corporation.

Inheritance Interest

A legal or equitable right to receive property or assets from the estate of a deceased person.