Which of the Following Functions Is Not Performed by Prices

question 125

Multiple Choice

Which of the following functions is not performed by prices in a free market?

• A)guiding the allocation of resources 
• B)conveying information about the marginal cost of production 
• C)making the distribution of income more equitable 
• D)replacing the need for governmental supervision of production

Recognize diseases that must be reported to the National Notifiable Disease Surveillance System.

Understand the concept of infections acquired in healthcare facilities.

Understand safety measures for maintaining eye health.

Recognize the layers of the eye and their significance.

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Definitions:

Social Facilitation Theory

Social facilitation theory posits that the presence of others significantly impacts an individual's performance, enhancing it on familiar or simple tasks but potentially impairing it on complex or new tasks.

Earned Income

Income generated from the sale of goods or services by an organization, as distinct from donations or grants.

Liability

A legal responsibility or obligation, often in financial terms, that a person or entity has to another.

Business Risk

The exposure to factors that may cause a business to experience lower profits or financial loss, including market competition, regulatory changes, and operational failures.