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gorgeous gorgeous
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5 years ago

Question 1.

In which of the following ways is the private market sector similar to the public sector in terms of decision making?

• Votes by individual voters are basically equal in importance with dollars spent by individuals on goods.

• Both sectors may use a type of "force" if necessary.

• There is competition for scarce resource in both sectors.

• Prices determine the demand for goods and services in each sector.

Question 2.

When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that person is ________ the company.

• debt; lending funds to

• debt; borrowing funds from

• ownership; borrowing funds from

• ownership; lending funds to
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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coltonf1coltonf1
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