Which of the following exemplifies the market allocation mechanism?
A) Prices of swim suits are marked down in September.
B) A store limits the quantity of an item that a customer can purchase.
C) Medicare (health care for the elderly) .
D) Christmas decorations and merchandise in stores by Halloween.
E) All of these are examples of the market allocation mechanism.
Correct Answer:
Verified
Q14: Which of the following examples deals with
Q15: What incentives are created under a market
Q16: The market system is said to be
Q17: The market system results in
A) economic growth
B)
Q18: The market system may not be efficient
Q20: For a free market to exist, economists
Q21: Which of the following is not constant
Q22: Which of the following goods are bought
Q23: What does the market process refer to?
A)
Q24: In general, the purpose of markets is
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