The Price System Automatically Leads to an Efficient Allocation of Inputs

question 36

True/False

The price system automatically leads to an efficient allocation of inputs among the different production processes.

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Definitions:

Methanol

A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and in the manufacture of formaldehyde.

Geometry

In the context of chemistry, it refers to the three-dimensional arrangement of atoms within a molecule, which significantly influences its reactivity and physical properties.

Acetylene

A hydrocarbon and the simplest alkyne, used as a fuel and a chemical building block.

Correct Hybridization

The appropriate mixing of atomic orbitals to form hybrid orbitals that can explain the bonding in a molecule.