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Question 11

The main function of price mechanism is to

  • A.Ensure consumer sovereignty function of price rnecha0 to
  • B.Enable producers make profit
  • C.Allocate scarce resources among compelling ends
  • D.Limit consumer demand.
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2006/2007
Question no.
#11
Type
Objective
Previous · Q10Given that beef and fish are substitutes, a rise in the price of beef relative… Next · Q12 Production in Economics can be defined as the

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