Answer:
Consumer preferences and resource scarcity determine which goods are produced and in what quantity; the prices in a market economy act as signals to producers and consumers who use these price signals to help make decisions. Governments play a minor role in the direction of economic activity. true
Explanation:
During a war, some governments change their economic system from a market economy to a command economy. This is done out of necessity as resources may become scarce.
Answer:
A. A recession was occurring at the time
Explanation:
The election of President Bill Clinton in 1992 was favored because then-President George Bush embittered a drop in his popularity due to the economic recession that took place during his tenure (1989-1993). Bush prioritized foreign policy in his administration and increased bellicose spending, causing the fiscal deficit to widen considerably and contributing to the recession. This was probably the biggest cause of American dissatisfaction that culminated in the election of Bill Clinton.
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