Who or What Allocates an Economy's Scarce Resources

question 190

Multiple Choice

Who or what allocates an economy's scarce resources?

• A) economic planners
• B) producers who use resources
• C) prices for resources
• D) government regulation of scarce resources

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Definitions:

Immediate Interactions

Direct and instant communication or engagement between individuals or entities.

Written, Printed

Material that is expressed in letters, characters, or symbols on a surface such as paper to communicate ideas or information.

Media Distribution

The process of delivering content, such as news, music, movies, or software, through various channels like broadcasting, physical media, or the internet.

Channel And Medium

The means or method through which communication is conveyed from sender to receiver, such as digital, print, or verbal.