Under a capitalist system, the economic problem of "what goods" shall be produced is solved primarily by:

Related MCQs

• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• One advantage for the capitalist system for allocating resources in economy is that it:
• Which of the following is not a feat tare of a capitalist economy?
• The main feature of a capitalist economy is -
• Which of the following is/are true for a capitalist society?
• The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
• The total value of goods and services produced in a country during a given period is -
• The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
• Indirect taxies levied upon goods produced for home consumption are called: