Which of the following is not a function of prices in a market system?
a. Prices have the crucial job of balancing supply and demand.
b. Prices send signals to buyers and sellers to help them make rational economic decisions.
c. Prices coordinate economic activity.
d. Prices ensure an equitable distribution of goods and services among consumers.
D
You might also like to view...
Destabilizing speculation refers to
A) actions taken by the International Monetary Fund that increase lending to countries who have pegged their currencies against the dollar. B) any depreciation of a country's currency as a result of long-run adjustments to purchasing power parity. C) actions taken by investors who sell a country's currency in anticipation of buying it back later at a lower price. D) actions taken by currency traders to sell a currency that is undervalued.
As of 2004, the U.S., Canada, and Western Europe account for 60 percent of the world's annual consumption of goods and services while having only about 11 percent of the world's population
Indicate whether the statement is true or false