In a Market System, ________ Provide Signals About Whether Resources

question 161

Multiple Choice

In a market system, ________ provide signals about whether resources are relatively scarce or abundant.

• A)prices
• B)economists
• C)government officials
• D)scientists and engineers

---

Definitions:

Exculpatory Clause

A contract provision that relieves one party of liability if damages are caused during the execution of the contract.

Performance

Completion by both parties of the terms of a contract.

Substantial Performance

Performance of a contract in all but a minor aspect of it.

Supreme Court

The highest court in a country or jurisdiction, often having the final say in matters of constitutional and federal law.