Which of the Following Statements Is NOT True About the Price

question 52

Multiple Choice

Which of the following statements is NOT true about the price system?

• A) The price system allows resources to flow from low-valued uses to high-valued uses.
• B) The price system encourages the production of public goods.
• C) Individuals have freedom to purchase what they want.
• D) The price system allows for economic efficiency.

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Definitions:

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A consistent and logical set of beliefs and perceptions that helps an individual to make sense of the world and their place in it.

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Natural Resources

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Spirituality

A broad concept encompassing a sense of connection to something bigger than oneself, which can involve religious beliefs, personal growth, or a search for meaning.