Price Serves as a

question 122

Multiple Choice

Price serves as a

• A) rationing device.
• B) transmitter of information.
• C) means of determining who gets what of the available limited resources and goods.
• D) a and b
• E) all of the above

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Definitions:

Clustering

The grouping of similar objects or data points in a way that they are more closely associated with each other than with those in other groups.

Sensory Memory

The shortest-term element of memory that acts as a buffer for stimuli received through the five senses, which are retained accurately but very briefly.

Indefinitely

For an unspecified or unlimited duration of time.

Acoustically

Pertaining to sound, the science of sound, or the properties of sound transmission.