Multiple Choice
What is a primary function of prices in a market economy?
A) to provide participants with economic information
B) to provide participants with spending limits
C) to provide participants with accounting capabilities
D) to provide participants with an equitable distribution of goods
Correct Answer:
Verified
Correct Answer:
Verified
Q144: In which situation would economists use the
Q145: Because taxes affect only the price paid
Q146: What is an externality?<br>A) the impact of
Q147: Who is Inspector Sands?<br>A) the first police
Q148: What happens when society requires that firms
Q150: What does making decisions "at the margin"
Q151: To what extent does the invisible hand
Q152: Which of the following is an example
Q153: Jay has spent $500 purchasing and repairing
Q154: Equity refers to how the pie is