Resource prices are important because they affect resource allocation and income distribution.

Name: Resource prices are important because they affect resource allocation and income distribution.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Resource prices influence the allocation of resources by signaling where resources are most needed based on demand, and they affect income distribution by determining how much income resource owners receive for their resources.

Resource Prices Are Important Because They Affect Resource Allocation and Income