Author Question: The signals in markets are determined A) by supply and demand. B) for all goods by the ... (Read 88 times)

Anajune7 · **on:** Jun 29, 2018

The signals in markets are determined

A) by supply and demand.
B) for all goods by the government through the use of price controls.
C) in an unfair manner that ends up hurting the poor.
D) by nonprice rationing devices.

Question 2

Markets are

A) a mechanism through which prices of goods and services are determined by the forces of supply and demand.
B) specific geographic locations.
C) hypothetical constructs used to analyze how people form their tastes and preferences.
D) places where people can inspect goods and services carefully.