In a free market economy, the rationing of scarce goods is done principally by
-
A.
the government -
B.
business organizations -
C.
the price mechanism -
D.
consumers -
E.
both A and B
You May Also Like
Which of the following parts is common to both the disc and mouldboard plough?
Which of the following parts is common to both the disc and mouldboard plough? A. ploughshare B. landslide…
Given a purchases invoice showing 5 items at N40,000 each less trade discount of 25%…
Given a purchases invoice showing 5 items at N40,000 each less trade discount of 25% and cash discount…
Which of the following groups of activities are commercial services
Which of the following groups of activities are commercial services A. Manufacturing, weaving and storing B. Vending, purchasing…
The minimum cover for motorist in nigeria is?
The minimum cover for motorist in nigeria is? A. ”Act” only B. third party only C. fire and…
A cylindrical container closed at both ends, has a radius of 7cm and height 5cm…
A cylindrical container closed at both ends, has a radius of 7cm and height 5cm [Take π =…