The essential feature of the market mechanism is:
A.) That every consumer is concerned about the welfare of others.
B.) The price signal for both consumers and producers.
C.) Equity in the distribution of income and housing.
D.) Government taxation of profits.
B.) The price signal for both consumers and producers.
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If you wish to maintain a constant purchasing power when you retire, you should choose retirement income options that are:
A. inflated. B. deflated. C. nominal. D. indexed.
What is a Nash equilibrium? How is a Nash equilibrium different from a dominant strategy equilibrium?
What will be an ideal response?
Which of the following would be most likely to improve the standard of living of people in less-developed nations?
a. The development of strong labor unions. b. An increase in foreign investment. c. An increase in the share of the population under 15 years of age. d. Higher tariffs and the imposition of other restraints designed to restrict international trade.
Government spending influences spending indirectly
a. True b. False Indicate whether the statement is true or false