Under Laissez-Faire, the Allocation of Resources Among Different Products Depends

question 65

Multiple Choice

Under laissez-faire, the allocation of resources among different products depends on

• A)consumer preferences.
• B)production costs.
• C)Both a and b are correct.
• D)Neither a nor b is correct.

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Definitions:

Fastest Computers

Supercomputers that lead in computational speed and performance, often measured by their ability to perform floating-point operations per second (FLOPS).

Program Instructions

Specific commands or steps written in a programming language that tell a computer how to operate or process data.

Future Use

Anticipated or potential application or employment of something at a later time or in a forthcoming context.

Physical Equipment

Tangible assets used in the operation or execution of tasks within a business, project, or any endeavor that involves mechanical or electronic tools.