What are three functions of price in market economy

Answers

Answer 1

First, prices determine what goods are to be produced and in what quantities; second, they determine how the goods are to be produced; and third, they determine who will get the goods.

Answer 2

Answer:

Signalling function. Prices perform a signalling function – i.e. they adjust to demonstrate where resources are required. ...

Incentive function. Through choices consumers send information to producers about their changing nature of needs and wants. ...

Rationing function.

Explanation:

Related Questions

Why did Kennedy and Nikita Khrushchev create the Hot Line?

Answers

Answer:

To lessen the threat of an accidental nuclear war, the United States and the Soviet Union agree to establish a “hot line” communication system between the two nations.

Explanation:

Answer:

The United States and the Soviet Union agreed to establish a “hot line” communication system between the two nations so that they wouldn’t get into a nuclear war with each other.

America is broken. Politics, education, day-to-day lives, etc.... Everything is broken.

That is why I am moving out of this hell-hole ASAP when I become of age. (Assuming in 5 to 6 years everything is still broken)

Answers

Answer:

what is the question

Explanation:

Is this a question or you explaining to us why you’re leaving the country. Cuz I’m totally with you on it lol.

In three to five sentences explain how people continually moved westward in different periods of American history.

Answers

Westward movement, the populating by Europeans of the land within the continental boundaries of the mainland United States, a process that began shortly after the first colonial settlements were established along the Atlantic coast. The first British settlers in the New World stayed close to the Atlantic, their lifeline to needed supplies from England. By the 1630s, however, Massachusetts Bay colonists were pushing into the Connecticut River valley. Resistance from the French and Native Americans slowed their movement westward, yet by the 1750s northern American colonists had occupied most of New England.

Why did Major Anderson surrender Fort Sumter?

Answers

It was because they recognized that Fort Moultire was vulnerable to a land assault, Anderson elected to abandon it for the more easily defensible Fort Sumter on December 26, 1860

help please
Fill in the blanks of the sentences below with a vocabulary term from the word bank. You may need to change the form of the word to fit the sentence. Not all the terms will be used

Answers

Answer:

7)professional

Explanation:

7. Professional
8. Transformed
9. Distributed
10. Devoted(but I’m not 100%, but nothing else makes sense to me so I’d go with devoted
11. Enabled
12.Civil

The North's goal during the war was to blockade the South. What does it mean to blockade?
Group of answer choices

a)To use ships to cut the South off so they could not import or export goods, nor move troops

b)End slavery everywhere

c)Ask other nations for help

Answers

Answer:

A) To use ships to cut the South off so they could not import or export goods, nor move troops

Explanation:

The answer is A hope this helps

What factors may place these countries as the top five countries of immigration to your state?

Answers

what countries can you drop the down below so I can help out

What are the countries

Which of these statements characterizes an advantage and disadvantage the Union had during the Civil War? (5 points)

a)Group of answer choices

b)A larger army, but fewer exports

c)More railroad tracks, but weaker manufacturing

d)More experienced officers, but worse weapons

Familiarity with territory, but worse generals

Answers

Answer:

A larger army, but fewer exports

Explanation:

Answer: Familiarity with territory, but worse generals

Explanation:

Calebs life goals and expenses to complete the below about his budgeting there are 10 goals

Answers

Look at ducksters .com they have all ss answers

yea, use duckstars.com it will help you!

True/False: King Ezana’s conversion to Christianity disrupted Aksum’s trading with the Romans and Greeks

Answers

Answer: True

Explanation:

The answer is true:)
You got this I believe in you!

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