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Which of the Following Statements About the Price System Is

Question 34

Multiple Choice

Which of the following statements about the price system is most accurate? The price system


A) operates only in a laissez- faire economy.
B) is the only feasible method of allocating resources.
C) is automatic and functions perfectly in reallocating economic resources.
D) depends on planned coordination between firms and governments.
E) is automatic,although it does not function perfectly.

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