The economic function of profits and losses is to:
A. bring about a more equal distribution of income.
B. signal that resources should be reallocated.
C. eliminate small firms and reduce competition.
D. tell government which industries need to be subsidized.
Answer: B
Economics
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The double coincidence of wants problem is solved by
A) credit markets. B) government intervention. C) the use of money. D) specialization.
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The evidence shows that the domestic and world markets for American cotton contributed to the spread of slavery into new lands
Indicate whether the statement is true or false
Economics