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:

Cortex

The outermost layer of the brain involved in complex functions such as perception, thought, and decision-making.

Longitudinal Fissure

The profound fissure dividing the brain into two distinct hemispheres.

Central Fissure

Also known as the Rolandic fissure, it is a significant groove on the surface of the brain separating the frontal and parietal lobes.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, responsible for higher cognitive functions like decision making, problem solving, and controlling behavior.