Market prices generally promote social cooperation because they
a. clarify the options available to people and encourage individuals to help others in exchange for income.
b. encourage government officials to levy taxes to provide people with the necessities of life.
c. eliminate scarcity by allowing prices to rise.
d. reward only altruistic actions, whereby, people seek to help others without the expectation of personal gain.
A
You might also like to view...
If a good is a normal good, an increase in income will
A) decrease the quantity demanded of the good. B) increase the demand for the good. C) cause the demand curve for the good to shift to the left. D) cause a movement down along the demand curve.
If Howard takes out a $400 loan for one year at 5 percent interest annually, he will pay back a total of:
A. $400. B. $440. C. $420. D. $20.