Prices direct economic activity in a market economy by
A) influencing the actions of buyers and sellers.
B) reducing scarcity of the goods and services produced.
C) reducing opportunity cost of goods and services produced.
D) allocating goods and services in the most equitable way.
Correct Answer:
Verified
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Q191: Which of the following statements does not
Q192: Which of the following do economists not
Q193: If the government were to intervene in
Q195: The term market failure refers to
A)a situation
Q196: If an externality is present in a
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Q198: When the government prevents prices from adjusting
Q199: Productivity is defined as the
A)amount of goods
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