In a free enterprisesystem, more trashy novels could bepublished and sold thanserious, soul-inspiringworks of literature. anysystem that producesthis outcome can't beethical." do you agree ordisagree? explainstatement?

In a free enterprise system, embodied within a market economy, the type of literature that predomines depends not on the system itself but on the preferences and income of the consumers and on the abilities, skills and willingness of the suppliers.

Therefore, if most of the people is demanding trashy sensationialist novels because they prefer them instead of literary masterpieces, the first ones are what the suppliers (writers) should produce if they want to sell books. They can produce good quality works, but nobody would purchase them if they do not correspond with their preferences.

It can also be the case that consumers like masterpieces but these are too expensive because they require more effort than trashy books, and they cannot afford to buy them.

Therefore in a market economy, in order to produce high quality literature works, these need to be appreciated by consumers and affordable too. The system itself has not the power to prevent the flourishing of amazing works of literature.

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