When the Market Mechanism Is Allowed to Operate Freely,prices Will

question 105

Multiple Choice

When the market mechanism is allowed to operate freely,prices will determine

• A)Only the mix of output to be produced and the resources to be used in the production process.
• B)Only the resources to be used in the production process and for whom the output is produced.
• C)The mix of output to be produced,the resources to be used in the production process,and for whom the output is produced.
• D)Only for whom the output is produced and the mix of output to be produceD.The market mechanism resolves the basic economic questions of WHAT,HOW,and FOR WHOM.

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