Which of the Following Statements About Resource Allocation Is Correct

question 191

Multiple Choice

Which of the following statements about resource allocation is correct?

• A)Within a firm, resources are allocated by prices; in a market, resources are allocated by the decisions of managers.
• B)Resources are allocated by prices both in a market and within a firm.
• C)Within a firm, resources are allocated by the decisions of managers; in a market, resources are allocated by prices.
• D)Resources are allocated by the decisions of managers both within a firm and in a market.
• E)In a market, resources are allocated either by prices or by the decisions of managers; within a firm, resources are allocated by prices.

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Definitions:

Severe Memory Impairments

Significant difficulties in recalling past experiences or learning new information, often resulting from brain injury, disease, or psychological trauma.

Hippocampus

The hippocampus is a major component of the brain, involved in memory formation and spatial navigation.

Long-Term Memories

A type of memory capable of storing information for an extended period, potentially for a lifetime, including knowledge, experiences, and skills.

Infant Amnesia

Refers to the inability of adults to retrieve episodic memories (memories of situations or events) from before the age of 2–4 years.