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Sav [38]
2 years ago
10

In a market system, scarce goods are allocated by multiple choice 1 market prices that are determined by consumers and producers

acting in the public interest. fixed prices that are determined by consumers and producers acting in the public interest. market prices that are determined by consumers and producers acting in their own self-interest. estimated prices that are determined by consumers and producers acting in their own self-interest.
Business
1 answer:
kirill115 [55]2 years ago
7 0

In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Therefore, Option C is the correct choice.

<h3>What is allocation of scarce resources?</h3>

Resource allocation is the assignment of available sources to diverse uses. In the context of a whole economy, sources may be allotted with the aid of using diverse means, inclusive of markets, or planning.

Therefore, In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Option C is the correct choice.

Learn more about allocation of scarce resources here:

brainly.com/question/6107102

#SPJ1

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$20 million

Explanation:

Data provided in the question:

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Accounting for trade in goods and services Suppose the following transactions occur during the current year:
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Answer:

Accounting for trade in goods and services

Indication of the combined effects of transactions on the U.S. national accounts for the current year:

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Amount  (Dollars)     $1,200            

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2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug.

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