Resource Pricing Is Important Because

question 149

Multiple Choice

Resource pricing is important because

• A)resource prices are a major determinant of money incomes.
• B)resource prices allocate scarce resources among alternative uses.
• C)resource prices, along with resource productivity, are important to firms in minimizing their costs.
• D)of all these reasons.

---

Definitions:

Dehydration Reactions

Chemical reactions that involve the loss of water from the reacting molecule or ion.

Catabolic Reactions

Biochemical reactions that break down molecules into simpler forms, often releasing energy usable by the cell.

Monosaccharide

The most basic type of carbohydrates, made up of one sugar unit, for example, glucose or fructose.

Polysaccharide

A carbohydrate molecule composed of long chains of monosaccharide units bound together by glycosidic linkages.