1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olin [163]
3 years ago
10

What are three functions of price in market economy

Social Studies
2 answers:
babymother [125]3 years ago
4 0
First, prices determine what goods are to be produced and in what quantities; second, they determine how the goods are to be produced; and third, they determine who will get the goods.
matrenka [14]3 years ago
4 0

Answer:

Signalling function. Prices perform a signalling function – i.e. they adjust to demonstrate where resources are required. ...

Incentive function. Through choices consumers send information to producers about their changing nature of needs and wants. ...

Rationing function.

Explanation:

You might be interested in
According to mccormick's theory, what have societies looked like since the late 15th century? how have they been organized
Sliva [168]

- the capitalist world-system

-the external world (empires)

-the mini systems of subsistence communites

-the capitalist world-systems expanded at the expense of the other two, made the world seem almost as one world tather than three.


hope that helps :)

5 0
3 years ago
Read 2 more answers
Persephone experiences the first stage of the general adaptation syndrome. what term best characterizes this experience?
AnnZ [28]

The answer is <u>"alarm".</u>


The alarm stage is otherwise called the fight or flight response. Amid the alarm stage, your mind sends a crisis flag to different parts of your body, which tells those parts that you're in an unsafe circumstance. As your body assembles itself to respond, you can pick between a fight or flight reaction.  

When you're in the alarm stage, your nervous system is set up to fight or flight. Your heart begins beating quicker, which gives more blood and oxygen to your arms and legs.

6 0
3 years ago
Read 2 more answers
What was most important in a household in Roman society?
Vlada [557]
I believe it is A. Continuing the male family name
8 0
3 years ago
Which of the following quotes are metaphors? Select all that apply
sveticcg [70]
What are the options????
6 0
3 years ago
Pretend you are a journalist who has been able to go back in time in a time machine. You are reporting today for a news broadcas
AlexFokin [52]

When it comes to Colonial South America I would be reporting about the Indian tribes in rural Peru. The time period would be 19th century. Their lives are opressed under the Spanish Colonial rule. They are starting to assimilate, accepting Christianity which was a monotheistic religion. Before that period, they were worshiping many of their Mayan Gods and were living mainly form their own agricultural labor. Now, under the Spanish rule, they have to work for others sometimes in slave like conditions, for a very poor wage. Spanish Colonization of South America had a huge impact on the Indian Tribes. A lot of them were killed by desiese, were robbed of their gold and other possesions. They had to learn a new language and accept new cusoms. Even today a lot of them are exploited, working on coffee, salt and cocoa farms in harsh conditions for as little as 10$ a month.

3 0
3 years ago
Other questions:
  • Why is the Indus River so important to the people of Pakistan?​
    9·2 answers
  • Why did merchants create joint-stock companies and use cottage industries?
    14·1 answer
  • While having a group discussion in a decision-making process, the leader has asked the team members to silently write down their
    7·1 answer
  • Jane is having trouble sleeping. As she sits on her bed looking around the dark room, she notices that her peripheral vision see
    6·1 answer
  • ___is a critical to safe driving
    8·1 answer
  • Which aspect of medieval society plays the biggest role in the literary significance of the bayeux tapestry?
    9·2 answers
  • Answer plz
    15·1 answer
  • Jeremy was born in 1948 and grew up during the 1960s. He was sent to Vietnam in 1967. In Vietnam he was horrified by what he saw
    15·1 answer
  • jezebel is bitter and Resentful. She looks back on her life and realizes that she has made many mistakes and was too fearful to
    15·1 answer
  • What is the effect on the width of a confidence interval of quadrupling the sample size while holding the confidence coefficient
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!