aximize utility.
c). The use of scarce resources to satisfy our wants.
d). The use of fiscal and monetary policies to achieve economic outcomes.
Flag question: Question 2
Question 21 pts
2. In a capitalist economy
a). The government plays the dominant role.
b). Market forces coordinate most production activities.
c). The prices of most goods and services are set by the government.
d). All of the above are correct.
Flag question: Question 3
Question 31 pts
3. In a capitalist economy
a). Most producers are driven by the desire to make profit.
b). The government regulates most economic activities.
c). Foreigners play no role in the economy.
d). The output of most goods are planned.
Flag question: Question 4
Question 41 pts
4. In drawing the graph of two variables that are related
a). The Y variable goes on the horizontal axis.
b). The X variable goes on the vertical axis.
c). The independent variable goes on the vertical axis.
d). In most cases the dependent variable goes on the vertical axis.