The Signals That Guide the Allocation of Resources in a Market

question 242

Multiple Choice

The signals that guide the allocation of resources in a market economy are

• A)surpluses and shortages.
• B)quantities.
• C)property rights.
• D)prices.

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Definitions:

Adrenal Glands

Small glands located above the kidneys that produce hormones such as adrenaline and cortisol, which help manage stress and other bodily functions.

Growth Mindset

The belief that abilities and intelligence can be developed through dedication and hard work, which fosters a love of learning and resilience essential for great accomplishment.

Academic Excellence

Achieving high standards and superior performance in educational settings, often measured through grades, awards, or recognitions.