Which of the following statements is NOT true? In the free market changes in the price of a product:
A) can act as a signal to producers
B) can provide an incentive to reallocate resources
C) can act as a rationing device
D) are set by the government
Correct Answer:
Verified
Q1: If, for John's current intertemporal consumption pattern
Q2: There are strong theoretical reasons to expect
Q3: The accelerator principle states:
A)if an increase in
Q4: Which best describes consumer surplus?
A)the price consumers
Q6: Community surplus equals:
A)producer surplus minus consumer surplus
B)profits
Q7: Monopoly power in a market is likely
Q8: A positive consumption externality occurs when:
A)the social
Q9: A merit good:
A)is a public good
B)involves a
Q10: A demerit good:
A)is a public good
B)involves a
Q11: A public good will probably:
A)be expensive in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents