From a broad perspective, price is the mechanism for the allocation of goods and services in the open U.S. market economy.

Name: From a broad perspective, price is the mechanism for the allocation of goods and services in the open U.S. market economy.
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Question

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Price acts as a signal for both consumers and producers in an open market economy like the U.S., guiding the allocation of goods and services by indicating where resources are needed based on demand and supply.

From a Broad Perspective, Price Is the Mechanism for the Allocation