How Are the Fundamental Economic Questions Answered in a Market

question 171

Multiple Choice

How are the fundamental economic questions answered in a market economy?

• A)The government alone decides the answers.
• B)Individuals, firms, and the government interact in markets to decide the answers to these questions.
• C)Households and firms interact in markets to decide the answers to these questions.
• D)Large corporations alone decide the answers.

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Definitions:

Addressing Options

Options available in networking and communication systems for assigning or using addresses to facilitate correct routing and delivery of data.

DDR3

A type of RAM (Random Access Memory) that stands for Double Data Rate Type 3, offering faster speeds and lower power consumption than its predecessors.

Bus Speeds

Bus speeds represent the data transfer rate of the bus, the communication system that transfers data between components inside or between computers.

RAM Slot

A physical slot inside a computer where a RAM (Random Access Memory) module is inserted to increase the machine’s memory capacity.