question archive Explain how an economy's scarce resources are allocated among households, firms, and government agencies by (1) the forces of supply and demand, (2) prices, and (3) government policies
Explain how an economy's scarce resources are allocated among households, firms, and government agencies by (1) the forces of supply and demand, (2) prices, and (3) government policies
Subject:EconomicsPrice: Bought3
Explain how an economy's scarce resources are allocated among households, firms, and government agencies by (1) the forces of supply and demand, (2) prices, and (3) government policies. Include at least one specific real-world example of one of the above allocation mechanisms.
