This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In a marketplace, prices: A) act as a measure of value, and do not affect the allocation of ... (Read 58 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
In a marketplace, prices:
 
  A) act as a measure of value, and do not affect the allocation of resources.
  B) act as incentives that allow for the efficient allocation of resources.
  C) are determined by politicians and regulators.
  D) are determined through auctions.

Question 2

Adam Smith used the metaphor of the invisible hand to explain how
 
  A) business owners are benevolent.
  B) markets mismatch buyers and sellers.
  C) people acting on their own self-interest promote the interest of society as a whole.
  D) the production possibilities frontier illustrates efficient outcomes.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Excellent

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

A method to measure the lateral movement of membrane proteins. A method to measure the lateral movement of membrane proteins.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Sample Items from the Brief Multidimensional Measure of Religiousness/Spirituality (BMMRS) Sample Items from the Brief Multidimensional Measure of Religiousness/Spirituality (BMMRS)
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Connections and settings necessary to measure fuel-injector resistance. Connections and settings necessary to measure fuel-injector resistance.
Find the measure of angle L to the nearest degree Find the measure of angle L to the nearest degree
Video: Definition of heart rate

For a complete list of videos, visit our video library