Which of the Following Are Signals to the Owners of Scarce

question 38

Multiple Choice

Which of the following are signals to the owners of scarce resources about the best uses of those resources?

• A) Profits of businesses
• B) Government regulations
• C) Economic indicators
• D) The accounting cost of those resources

Learn about the mechanisms of maintaining homeostasis in the human body.

Understand the role and structure of the skin and its functions in protection and regulation.

Distinguish between the body’s organ systems and their major functions.

Recognize the various types of body membranes and their functions.

---

Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like demand, cost of service, or market competition.

Single-Price Monopoly

A market condition where a monopolist sets one price for all consumers of its product, without price discrimination.

Price Elasticity

Measurement of consumer demand variations for a good due to alterations in its price, signifying the degree of consumer sensitivity to these changes.

Discount Coupons

Discount coupons are vouchers that offer a reduction in price for specific items or services, encouraging consumers to make purchases.