The signaling aspect of the market system refer to A) legal ...

[rl]

The signaling aspect of the market system refer to
 
  A) legal requirements for contracts and exchanges.
  B) the price of the good to the consumer and producer.
  C) the voluntary character of the exchange.
  D) transaction costs of carrying out exchanges.

Question 2

Microeconomics is concerned with the study of
 
  A) the effects of inflation.
  B) the effects of government spending.
  C) the effects on individual producers of higher wages paid to workers.
  D) aggregates.

[LVPMS]

Answer to Question 1

B

Answer to Question 2

C