The Role That Prices Play in Directing Resources Away from Overcrowded

question 83

Multiple Choice

The role that prices play in directing resources away from overcrowded markets and towards markets that are underserved is known as the ________ function of price.

• A)allocative
• B)market
• C)rationing
• D)transitive

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Definitions:

Heartbeat and Breathing

The physiological processes of cardiac rhythm and pulmonary ventilation that are essential to oxygenate the blood and remove carbon dioxide.

Medulla

The lower part of the brainstem, controlling vital functions such as heart rate and breathing.

Little Brain

A colloquial term for the cerebellum, a region of the brain that plays important roles in motor control and cognitive functions.

Brainstem

The lower part of the brain that connects the cerebrum with the spinal cord, responsible for controlling vital life functions such as breathing and heartbeat.