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 The answer to the question is: C. the price mechanism In a free market economy, the rationing of scarce goods is principally done by the price mechanism. This means that the…
SEVERAL HANDS STRETCHED OUT FOR FREE MEALS AT THE REFUGEE CAMP ILLUSTRATES
A. Antithesis B. Euphemism C. Litotes D. Synecdoche ✓ The answer to the question is: D. Synecdoche Synecdoche is a figure of speech in which a part is used to represent the whole or vice versa. In this case, “hands stretched out for free…
WHICH OF THE FOLLOWING IS AN EXAMPLE OF FREE GOOD
A. Free education B. Water in the ocean ✓ C. Dinner you did not pay for D. Your rented apartment The answer to the question is: B. Water in the ocean A free good refers to a type of economic resource that is available…
EXPLANATION OF FREE ELECTRONS AND HOLES AS USED IN ELECTRONICS
1) Free Electrons In the field of electronics, free electrons refer to the electrons that are not bound to any specific atom or molecule within a material. These electrons are loosely held by the nucleus of an atom and are…
Study Guide
