menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 4
  4. Exam
    Exam 7: Efficiency, Exchange, and the Invisible Hand in Action
  5. Question
    The Statement,"price Directs Resources Across Different Sectors of the Economy
Solved

The Statement,"price Directs Resources Across Different Sectors of the Economy

Question 87

Question 87

Multiple Choice

The statement,"price directs resources across different sectors of the economy" refers to the ______ function of price.


A) allocative
B) store of value
C) rationing
D) transitivity

Correct Answer:

verifed

Verified

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

Related Questions

Q82: Economic rent is:<br>A)the amount you pay for

Q83: When either the costs of production or

Q84: Adam Smith coined the term "invisible hand"

Q85: Which of the following statements expresses the

Q86: Free entry of firms is a characteristic

Q88: Pat used to work as an aerobics

Q89: Chris was the business manager for a

Q90: Curly usually drives on the freeway to

Q91: The sum of the economic surpluses accruing

Q92: If an individual consumer is willing to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines