Which of the Following Functions Is Not Performed by Prices

question 240

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

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Definitions:

Extraversion

A characteristic of personality defined by being sociable, energetic, and having a liking for being in social settings and seeking external excitement.

Agreeableness

A personality trait that refers to the extent to which a person is kind, cooperative, warm, and sympathetic towards others.

Typological Approach

A method in psychology focused on categorizing individuals into distinct types based on shared characteristics or behaviors.

Spending Habits

Patterns or behaviors regarding how individuals use their money, often reflecting their values, financial goals, or economic status.