In a _____, prices transmit information between buyers and sellers.
A) market economy
B) welfare state
C) socialist economy
D) command economy
Correct Answer:
Verified
Q23: An economy is said to be well-endowed
Q24: Which of the following is likely to
Q25: Other things remaining unchanged, which of the
Q26: How is an increase in taxes likely
Q27: In a planned economy, _.
A) the market
Q29: In country X, goods like bread and
Q30: The essential difference between a command economy
Q31: Suppose that in the production of good
Q32: The market directs an economy's resources towards
Q33: The economy's ability to provide financial support
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