The Odd Thing About a Price System Is That Prices

question 104

True/False

The odd thing about a price system is that prices give you no information about where on a PPF an economy should choose to produce.

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Definitions:

Shortcomings

Deficiencies or areas where something or someone fails to meet the expected standards or objectives.

Responsibilities

The duties and obligations assigned to an individual or role within an organization or society.

Tasks

Specific duties or responsibilities assigned to an individual or team as part of their job or project work.

Jobholders

Individuals who are currently employed or possess a job.