In a market economy, those who supply a large amount of highly valued resources will have high incomes and therefore will be able to consume more goods and services than those with lower incomes. Both are true. I is true, II false. I is false, II true. Both are false.
Price is important in a market economy because it eliminates imbalances between supply and demand.
All of the above are correct. Answer questions 48 and 49 using Figure 3. D 0 to indicate demand with external benefits included, and D 1 to indicate market demand. D 1 to indicate demand with external benefits included, and D 0 to indicate market demand. The impact of external benefits cannot be illustrated.