In a Market System, ________ Provide Signals About Whether Resources

question 209

Multiple Choice

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

• A) prices
• B) buyers alone
• C) government officials
• D) scientists

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Definitions:

Technically Feasible

Refers to a project or proposal that is possible to implement or achieve with the existing technological resources and knowledge.

Economically

Pertaining to the efficient and prudent management or use of resources, often with the objective of saving or minimizing costs.

Failure Causes

The reasons or factors that lead to the unsuccessful outcome of a process, project, or operation.

Accident Report

A document detailing the occurrences and facts surrounding an unintended or unforeseen event, often leading to injury or damage.