The Guiding Function of Prices Tends to Keep Resources flOwing

question 238

True/False

The guiding function of prices tends to keep resources flowing toward their most highly valued uses.

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Definitions:

Population

The entire pool from which a statistical sample is drawn and to which the researcher intends the results to apply.

Sample Standard Deviation

A statistic measuring the dispersion or variability of a set of sample data points around the mean.

Population Standard Deviation

A measure of the dispersion or spread of all values in a population.

Sample Size

The number of observations or entities used in a study or experiment.