Question 11

Which of the following is an important function of prices in a market economy?

  • A.Ensuring that resources are used in the most efficient manner
  • B.Ensuring an equitable distribution of goods and services
  • C.Ensuring that all industries are perfectly competitive in the long run
  • D.Equating level of purchases with the level of needs
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2008/2009
Question no.
#11
Type
Objective

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