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Kisachek [45]
3 years ago
5

What are three functions of price in market economy

Social Studies
2 answers:
Luba_88 [7]3 years ago
8 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:

damaskus [11]3 years ago
3 0
In fact, this function of prices may be analyzed into three separate functions. 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.
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Fourteen-year-old Jean-Claude, an avid video game player, reads a flawed study showing that video game players are smarter than
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This question is incomplete; here is the complete question:

Fourteen-year-old Jean-Claude, an avid video game player, reads a flawed study showing that video game players are smarter than most people. Then he reads a second study with similar flaws proposing that video game players are poor leaders. What would you predict will happen:

A. He would dismiss the findings of the first study and overlook the flaws in the second study.

B. He would now believe that video game players are poor leaders.

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D. He would now believe that video game players are both smarter and poor leaders.

The correct answer to this question is C. He would overlook the flaws in the first study and dismiss the findings of the second study.

Explanation:

In general, individuals tend to favor information that supports their points of view or preferences, this is a type of cognitive bias known as confirmation bias. Additionally, this is a type of bias because individuals do not consider objectively whether the information is accurate or reliable. This is likely to occur in the case of Jean-Claude because even when the studies are flawed it is likely he supports the first study that shows video game players are smarter. After all, this supports his beliefs and preferences. Moreover, he might dismiss the findings of the second study that is opposite to his preferences.

6 0
4 years ago
According to the authors of your text, when faced with a puzzling social question, it may be tempting to ask people why they beh
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Answer:

people would not necessarily know why they behaved as they did.

Explanation:

This has been proven to not always be the best option since people would not necessarily know why they behaved as they did. Many other times individuals have been known to lie in order to make themselves appear more noble than they actually are. Therefore, asking this question ultimately just provides false information that is useless and can even cause damage to the data being gathered.

6 0
3 years ago
4. Our economy is primarily characterized by...
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Answer: i believe its d because they had a lot of labor abundant and productive.

you dont have to give me brainliest because i really just guessed because i really think its the abundant productive labor too

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