Money prices are an extremely effective device for promoting social cooperation because
A) most people want money more than they want anything else.
B) people are basically selfish.
C) scarcity can be eliminated through appropriate changes in money prices.
D) they don't change rapidly when circumstances change.
E) they help to clarify the options available to people.
E
Economics
You might also like to view...
The term used to emphasize that making choices in the face of scarcity involves a cost is
A) substitution cost. B) opportunity cost. C) utility cost. D) accounting cost.
Economics
A horizontal aggregate supply curve indicates that equilibrium real GDP is determined by aggregate supply
a. True b. False Indicate whether the statement is true or false
Economics