In a market system, ________ provide signals about whether resources are relatively scarce or abundant
A) prices
B) economists
C) government officials
D) scientists and engineers
A
You might also like to view...
Many communities use a mixed-flow recycling program in which various types of bottles, cans, and other containers are placed in a single recycling bin
Suppose a community alters its recycling program by mandating that the containers must be sorted by type of material (i.e., glass, aluminum, plastic). What is the expected impact of this change on the optimal quantity of unredeemed (scrapped) containers? A) Optimal quantity increases B) Optimal quantity decreases C) Optimal quantity remains unchanged D) We cannot determine the outcome of this policy change without having more information
The long-run aggregate supply will increase when
A) labor supply decreases. B) international trade barriers are removed. C) the price level increases. D) tax rates increase.