An Economic System in Which Relative Prices Change to Reflect

question 347

Multiple Choice

An economic system in which relative prices change to reflect changes in supply and demand for different commodities is known as a

• A)socialist system.
• B)communist system.
• C)queuing system.
• D)market system.

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Definitions:

On-The-Job Training

Training provided to employees at the workplace while they are performing their regular job tasks, often under the guidance of a skilled coworker or supervisor.

Subject Matter Experts

Individuals with deep understanding and expertise in a particular field, often consulted for their specialized knowledge or skills.

Internal Training

Instructional programs provided by an organization to improve the professional skills and knowledge of its employees.

Dewey Decimal System

A proprietary library classification system created by Melvil Dewey in 1876 to organize books by subject.