. The market price system provides a highly efficient mechanism for disseminating information about relative scarcities of
a. the quantity supplied minus the quantity demanded.
b. surpluses, shortages, and quantity.
c. goods, services, labor, and financial capital.
d. price controls and equilibrium prices.
c. goods, services, labor, and financial capital.
You might also like to view...
During this year a country reports imports of $1,000 billion, exports of $1,100 billion, foreign investment in the country of $900 billion, investment abroad of $1,200 billion, net interest and net transfers of zero
What is the country's current account balance?
In the 1990s, the Danish government passed laws tightening eligibility requirements for receiving unemployment benefits. What happened in Denmark as a result of this policy change?
a. The size of the labor force declined b. The unemployment rate decreased c. More teenagers entered the labor force d. The wage rate increased e. The natural rate of unemployment increased
The marginal rate of substitution represents the maximum amount of one commodity a consumer is willing to give up in exchange for one more unit of another commodity
a. True b. False Indicate whether the statement is true or false
Libertarians believe that the government should enforce individual rights to ensure that all people have the same opportunities to use their talents to achieve success
a. True b. False Indicate whether the statement is true or false