To say that a change in taste causes prices to rise is to claim that
A) transfer prices are a more accurate gauge of economic activity than market prices.
B) prices are a signal.
C) the economy has full information.
D) prices would not change if people did not know the exact reason for the price change.
E) price changes cannot be predicted.
Correct Answer:
Verified
Q118: Exhibit 1-9 Q119: In a pure market economy, the what, Q120: Economic growth in the future can be Q121: When a country like North Korea is Q122: There is no legitimate role for government Q124: In a market economy, prices are Q125: Market failure Q126: What does a market economy use to Q127: Economic interaction with other countries Q128: If an increase in the price of
A)mainly transfer
A)caused the collapse of centrally planned
A)benefits only small
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