Multiple Choice
Prices usually reflect
A) only the value of a good to society.
B) only the cost to society of making a good.
C) both the value of a good to society and the cost to society of making the good.
D) neither the value of a good to society nor the cost to society of making the good.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: If an externality is present in a
Q64: Which of the following could reduce economic
Q67: When Ukraine trades with Italy,<br>A)both countries are
Q68: The "invisible hand" directs economic activity through<br>A)advertising.<br>B)prices.<br>C)central
Q70: Which of the following can lead to
Q73: Public policies<br>A)may be able to improve either
Q74: In a market economy,<br>A)households decide which firms
Q116: Prior to the collapse of communism, communist
Q164: Central planning refers to<br>A)markets guiding economic activity.Today
Q189: Prices direct economic activity in a market