Author Question: The rationing function of prices means that A) government is responsible for setting the prices ... (Read 160 times)

cdr_15 · **on:** Jun 29, 2018

The rationing function of prices means that

A) government is responsible for setting the prices of basic foods.
B) all goods and services are produced by large firms.
C) businesses determine what goods consumers should purchase.
D) buyers and sellers synchronize their decisions through the price system.

Question 2

Juanita has just opened a new business selling pet supplies through the Internet.

A) Juanita is an entrepreneur.
B) Juanita is not providing economic goods since people purchase the goods.
C) Juanita is not providing economic goods since pet supplies are not being sold in a store.
D) Juanita is not an entrepreneur since there are other businesses that sell pet supplies.