Answer:
True
Explanation:
<u>Price system in economics, is component of the economic system which uses the prices that are expressed in any form of the money for valuation and the distribution of the goods and the services and factors of the production.</u> All modern societies use the price systems to allocate the resources except for the possible remote and the primitive communities.
Price system can be either the fixed price system in which the prices are administered by the government organization, or it may be the free price system where the prices are determined by the supply and the demand uninhibited by the regulations.
No. speed limits for normal citizens are laws that we must follow. however, emergency vehicles can legally go over the speed limit anywhere.
Answer:
yes, it could be used.
Explanation:
Engels work, relating to unfavorable working conditions, relates directly to the time and place of the diary´s entry, and for that reason, it could be used as a firsthand personal illustration of Engel´s thesis. Nevertheless, it should be treated as merely one example, one single viewpoint, upon a problem whose context and dimensions are far greater than one man´s perspective; that is to say, the entry diary can work as one historical source amongst the many more that a reliable argument should employ in trying to support and fundament Engel´s thesis.
The answer is definitely b
Box 4 should be labeled "product market" because goods and services flow into it in exchange for money payments.
Explanation:
Product Market in economics refers to the destination where final goods and services are traded to business as well as common public. The important point worth keeping in mind is that the product market does not account for trade in semi-processed or intermediate products.
E.g. Markets for pharmaceutical products, financial services firms offering a multitude of services such as banking, insurance etc.
Thus, Box 4 should be labelled as “product market” since final foods and services flow into it in exchange for revenue generation thus completing the cycle.