The Role of Price in a Market-Directed Economy Is To

question 321

Multiple Choice

The role of price in a market-directed economy is to:

• A) allocate resources and distribute income according to consumer preferences.
• B) serve as a rough measure of the social importance of consumer goods and services.
• C) coordinate the economic activity of many people and institutions.
• D) serve as a rough measure of the value of resources used to produce goods and services.
• E) All of these are true.

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Definitions:

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attraction to individuals of the opposite sex, same sex, both sexes, or more, including identities such as heterosexual, homosexual, bisexual, and others.

Heterosexual

Describes an individual who is emotionally, romantically, or sexually attracted to members of the opposite gender.

Gay

Referring to a person who is emotionally, romantically, or sexually attracted to members of the same gender.

Sexual Orientation

A person's emotional, romantic, or sexual attraction to others, based on the gender(s) to which they are attracted.