Prices Serve the Public Interest by

question 247

Multiple Choice

Prices serve the public interest by

• A)making resource owners wealthy.
• B)rationing scarce resources.
• C)keeping poor people from purchasing more than they can afford.
• D)forcing the government to participate in the market.

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Definitions:

Shipment Contract

A legal agreement where the seller is obligated to send the goods to a specific destination, with the risk of loss passing to the buyer upon delivery to the carrier.

Voidable

A contract or transaction that is valid until one party, who is entitled to do so because of some legal deficiency, chooses to void it.

Dishonored

Refers to a payment instrument, such as a check or bill of exchange, that has been presented for payment but refused.

Prius

A hybrid electric vehicle model manufactured by Toyota, recognized for its environmentally friendly technology.