The Price System Automatically Leads to an Efficient Allocation of Inputs

question 36

True/False

The price system automatically leads to an efficient allocation of inputs among the different production processes.

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Definitions:

Accessible Attitude

An attitude that can be easily and quickly brought to mind from memory.

Retrieve From Memory

The process of recalling or bringing into conscious thought previously stored information or experiences from one's memory.

Accessibility Of Attitudes

The ease with which an attitude can be retrieved from memory, influencing how quickly and consistently it is expressed.