Which of the Following Is a Problem with the Price

question 32

Multiple Choice

Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity?

• A) The price system works silently in the background.
• B) Prices can be slow to adjust.
• C) Prices may be flexible.
• D) all of the above

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Definitions:

Ethnography

The study of the cultural organization of behavior.

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The brain's ability to change and adapt as a result of experience, often highlighted in discussions of learning and recovery after injury.

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An interdisciplinary field that studies how people grow, change, and stay the same over the course of their lives, from conception to death.

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A philosophical and psychological concept suggesting that humans are born with a predisposition towards goodness and moral behavior.