Which of the following encompasses all the relevant information about the uses of a particular good?
A) the cost of producing the good
B) the price of the good
C) the value of the good to consumers
D) none of these on its own
Correct Answer:
Verified
Q70: The great economic problem is:
A) minimizing unemployment
Q71: When a consumer compares the price of
Q72: Markets work well because of the information
Q73: What is the great economic problem?
A) to
Q74: If a central planner had the power
Q76: The market price of copper gives us
Q77: The market is effectively able to allocate
Q78: What do economists consider to be "the
Q79: One of the biggest problems with centrally
Q80: Is the task of effective central planning
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