The great economic problem is to increase our limited resources to satisfy as many of our infinite wants as possible.
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Q227: The central planning approach fails to achieve
Q228: Prices are important in a market economy
Q229: Prices are incentives, prices are signals, and
Q230: The true cost of a good is
Q231: On average, the gain in value from
Q233: In a successful economy, no firm should
Q234: Prices have one critical role in solving
Q235: Speculators often raise prices today but lower
Q236: An increase in the price of oil
Q237: When the prices of necessities such as
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