Buyers and sellers receive market signals
A. from their friends and acquaintances.
B. from news announcements of the government.
C. through the price system.
D. from the gossip columns in the newspapers.
Answer: C
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The demand curve for a monopolistic competitor slopes downward because
a. demand drops to zero after a slight price increase. b. there are close but not perfect substitutes for the product. c. customers have no loyalty to the product. d. the product is undifferentiated.
A U.S. citizen buys bonds issued by a construction equipment manufacturer in Poland. Her expenditures are U.S
a. foreign portfolio investment that increase U.S. net capital outflow. b. foreign portfolio investment that decrease U.S. net capital outflow. c. foreign direct investment that increase U.S. net capital outflow. d. foreign direct investment that decrease U.S. net capital outflow.