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

Author Question: Economists describe prices as "signals" in a market economy because (Read 25 times)

Katmoss16

  • Full Member
  • ***
  • Posts: 156
on: Oct 12, 2022
Economists describe prices as "signals" in a market economy because
◦ changes in these signals bring about changes in market structure.
◦ changes in these signals bring about changes in economic behaviour.
◦ prices are the only mechanism through which supply and demand will balance.
◦ they tell consumers how to act to keep the market system functioning well.
◦ they tell government agents how to act to keep the market system functioning well.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Katmoss16 on Oct 12, 2022

kaynelson17

  • Full Member
  • ***
  • Posts: 141
Reply #1 on: Oct 12, 2022
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 42% of students answer this correctly


Katmoss16

  • Member
  • Posts: 156
Reply 2 on: Oct 12, 2022
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
The OBD-II catalytic converter monitor compares the signals of the upstream and downstream oxygen ... The OBD-II catalytic converter monitor compares the signals of the upstream and downstream oxygen ...
Creating a Continental Economy Creating a Continental Economy
Describe the Conceptual Forecasting Framework in your own words. Describe the Conceptual Forecasting Framework in your own words.
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Experimental evidence that signals from dorsal lip cells initiate amphibian gastrulation. A dorsal l Experimental evidence that signals from dorsal lip cells initiate amphibian gastrulation. A dorsal l
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library