Which of the Following Statements About the Price System Is

question 70

Multiple Choice

Which of the following statements about the price system is most accurate? The price system

• A)operates only in a laissez- faire economy.
• B)is the only feasible method of allocating resources.
• C)is automatic and functions perfectly in reallocating economic resources.
• D)depends on planned coordination between firms and governments.
• E)is automatic,although it does not function perfectly.

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