A Weakness of the Price System Is That It Completely

question 142

True/False

A weakness of the price system is that it completely fails to take account consumer preferences in the distribution of goods and services.

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Definitions:

Implicit Personality Theory

The assumptions individuals unconsciously make about how personality traits are connected and how they influence behavior.

Physical Characteristics

The observable attributes or features of an object, person, or place.

Perceptual Selection

The process by which individuals filter, select, and interpret sensory information to create a meaningful picture of the world.

Safety Standards

Regulations and procedures put in place to ensure the health and safety of individuals in the workplace or public areas.