Market Economics rely on which of the following to allocate scarce resources ?
Relative prices communicate scarcity and guide decisions about production and consumption in a market economy. They coordinate decentralized allocation of resources.
Choose your answer
Market Economics rely on which of the following to allocate scarce resources ?
Answer and explanation
Correct answer C
Relative prices communicate scarcity and guide decisions about production and consumption in a market economy. They coordinate decentralized allocation of resources.
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RPSC Assistant Professor (College Education)