In what kind of economy is production determined by the interaction of supply and demand and signaled to producers through the price system?
举一反三
- In a commodity economy, the relationship among value, price, supply and demand is ( ) A: Prices are influenced by supply and demand and fluctuate around value B: Price is determined by value, reflecting value but not supply and demand C: Price is affected by value and changes with supply and demand D: Price is determined by value, reflecting value and supply and demand E: Price is determined by value, and affected by supply and demand. It also restricts supply and demand
- A fall in price: A: Will cause an inward shift of demand B: Will cause an outward shift of supply C: Leads to a movement along a demand curve D: Leads to a higher level of production
- What is the invisible hand in the market economy? A: government policies B: supply and demand C: business cost D: efficiency and innovation
- Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply
- 37. The first two sentences in the second paragraph clarity the idea to us that . A: producers can satisfy the consumers by mechanized production. B: consumers can express their demands through producers. C: producers decide the prices of products. D: supply and demand regulate prices.