AP Microeconomics Unit 2 Practice Test

In a command economy

the central government dictates the answers to the fundamental economic questions The firm should hire more labor so that the MRPL will decrease the marginal (physical) product of labor and the output price more resources will be devoted to coffee production.

Correct Answer:

the central government dictates the answers to the fundamental economic questions

Explanation:

Correct answer: the central government dictates the answers to the fundamental economic questions

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