Which of These Statements Does Not Apply to Market Economies

question 273

Multiple Choice

Which of these statements does not apply to market economies?

• A)Prices guide economic decisions and thereby allocate scarce resources.
• B)Prices ensure that quantity supplied and quantity demanded are in balance.
• C)Prices ensure that anyone who wants a product can get it.
• D)Prices influence how much of a good buyers choose to purchase and how much sellers choose to produce.

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Definitions:

Job Synthesis

Job synthesis refers to the process of combining various job roles or tasks into a single, more comprehensive job position, often to increase efficiency or effectiveness within an organization.

Employee Recruiting

The proactive process of identifying, attracting, and selecting candidates for employment to fill current or future job vacancies within an organization.

Job Analysis

A systematic process of determining the skills, duties, and knowledge required for performing jobs in an organization, often used for recruitment and performance assessment.

Job Detail

Specific information or characteristics defining a particular job, including responsibilities, requirements, and working conditions.