Solved

Profits and Losses Are TRUE Signals Because They

Question 358

Multiple Choice

Profits and losses are TRUE signals because they


A) convey information about true long-run profits.
B) cannot be misinterpreted by entrepreneurs.
C) convey information about where to place resources and reward people who act on the information.
D) reward people who make profits with even more profits and punish those who make losses with even more losses.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents