For Most Goods in an Economy,the Signal That Guides the Decisions

question 83

Multiple Choice

For most goods in an economy,the signal that guides the decisions of buyers and sellers is

• A) preference.
• B) government intervention.
• C) quantity.
• D) price.

---

Definitions:

Formal Social Structures

Organized and established social patterns and institutions that dictate behavior and relationships within a society.

Jean-Jacques Rousseau

An 18th-century philosopher known for his contributions to political philosophy, especially regarding concepts of social contract and the natural goodness of humanity.

Symbiotic Relationship

A close and long-term biological interaction between two different biological organisms, which can be mutualistic, commensalistic, or parasitic.

Natural State

Often refers to the condition of human beings and society before the establishment of formal laws and social structures, suggesting an innate nature of existence.