What Is a Primary Function of Prices in a Market

question 149

Multiple Choice

What is a primary function of prices in a market economy?

• A) to provide participants with economic information
• B) to provide participants with spending limits
• C) to provide participants with accounting capabilities
• D) to provide participants with an equitable distribution of goods

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 (most acidic) to 14 (most basic).

K

A symbol representing the element potassium, an essential dietary mineral and a highly reactive metal.

[HCO3-]

The chemical formula for bicarbonate, an anion that acts as a buffering agent in the blood to maintain acid-base balance.

pH

A measure of the acidity or alkalinity of a solution, with values ranging from 0 (very acidic) to 14 (very basic), and 7 being neutral.