The Rationing Function of Prices Means That

question 315

Multiple Choice

The rationing function of prices means that

• A) government is responsible for setting the prices of basic foods.
• B) all goods and services are produced by large firms.
• C) businesses determine what goods consumers should purchase.
• D) buyers and sellers synchronize their decisions through the price system.

Identify and describe the three main types of plate boundaries and their characteristics.

Recognize the evidence supporting the theory of continental drift and seafloor spreading.

Explain the processes involved in mid-ocean ridge formation and continental rifting.

Discuss the geological phenomena associated with divergent plate boundaries.

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