Solved

Profits and Losses Play an Important Role in Helping

Question 292

Multiple Choice

Profits and losses play an important role in helping


A) to signal to government which businesses are suffering losses so that they can be subsidized.
B) consumers decide which products they value the most by looking at each firm's profit.
C) to allocate scarce resources in a manner that maximizes the value created to society.
D) ensure that the total profits in the economy exactly equal the total losses.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents