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prices direct economic activity in a market economy by

A. influencing the actions of buyers and sellers.

B. reducing scarcity of goods and services.

C. eliminating the need for government intervention.

D. allocating the goods in the most equitable way.

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Darryn D'Souza
Darryn D'SouzaLv10
25 Aug 2020
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Related questions

All of the following statements describe a market economy except: 
 
A. The government prescribes the market prices for goods and services.
B. Prices provide important signals to buyers and sellers.
C. The allocation of resources is determined by their prices.
D. The actions of buyers and sellers establish a product's price in the market economy.
In markets, prices move toward equilibrium because of
a. the actions of buyers and sellers.
b. government regulations placed on market participants.
c. increased competition among sellers.
d. buyers' ability to affect market outcomes.

Scarcity can best be defined as a situation in which 

a. There are no buyers willing to purchase what sellers have produced

b. There are not enough goods to satisfy all of the buyers' demand.

c. The resources we use to produce goods and services are limited.

d. There is more than enough money to satisfy consumers' wants.

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