Author Question: Which of the following is false? a. Market prices signal the relative availability of products to ... (Read 74 times)

Bob-Dole · **on:** Jun 30, 2018

Which of the following is false?
a. Market prices signal the relative availability of products to buyers.
b. Market prices signal the relative value consumers place on products to sellers.
c. The information and incentives offered by market price adjustments provide the invisible hand toward socially desirable cooperation between consumers and producers.
d. None of the above are false; all are true.

Question 2

Country A and Country B initially have the same real GDP per capita. Country A experiences no economic growth, while Country B grows at a sustained rate of 5 percent. In 14 years, Country A's GDP will be approximately ____ that of Country B.
a. one-fourth
b. one-half
c. double
d. triple