True/False
The guiding function of prices indicates that, at equilibrium prices, neither product surpluses nor shortages can occur.
Correct Answer:
Verified
Correct Answer:
Verified
Q98: In terms of the circular flow diagram
Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Given the information
Q100: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q101: The division of labour enhances productivity and
Q102: "The 'dollar votes' of consumers ultimately determine
Q104: Freedom of enterprise is defined as:<br>A)the freedom
Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q106: Producing goods and services is:<br>A)risky.<br>B)risk free.<br>C)always profitable.<br>D)rarely
Q107: Which is assumed to be most limited
Q108: The market system is characterized by:<br>A)extensive government