Prices Serve the Public Interest by

question 247

Multiple Choice

Prices serve the public interest by

• A)making resource owners wealthy.
• B)rationing scarce resources.
• C)keeping poor people from purchasing more than they can afford.
• D)forcing the government to participate in the market.

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Definitions:

Self-Correcting Process

A method or mechanism that automatically adjusts and corrects its course of action to maintain or return to a desired state or condition.

Observing Nature

The act of paying close attention to the natural environment, often to understand natural processes or for relaxation and enjoyment.

Theory

An explanation using an integrated set of principles that organizes observations and predicts behaviors or events.

Integrated Set

A combined or unified group of elements or components that function as a whole.