1. what is allocation by need? (1 point)
pricing goods based on want rather than need
giving or selling goods only to people who most need them
giving or selling goods to whoever will stand in line the longest
pricing goods so that even the most vulnerable members of society can afford them

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu

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