Asked by
Maggie Delevie
on Dec 11, 2024Verified
Prices direct economic activity in a market economy by
A) influencing the actions of buyers and sellers.
B) reducing scarcity of the goods and services produced.
C) eliminating the need for government intervention.
D) allocating goods and services in the most equitable way.
Economic Activity
Activities related to the creation, distribution, and use of goods and services in an economic system.
Market Economy
An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.
- Comprehend how prices coordinate the actions of buyers and sellers in a market economy.
Verified Answer
DB
Learning Objectives
- Comprehend how prices coordinate the actions of buyers and sellers in a market economy.