The main function of price in the economic system is to
The main function of price in the economic system is to
Allocate scarce resources among competing uses
Ensure equitable distribution of income and wealth
Determine the demand for and the supply of goods and services
Remove all the constraints on production of goods and services
Correct answer is A
No explanation has been provided for this answer.
The main function of NNPC is to ...
In the diagram above, profit is maximized at 1 the output level ...
When the average physical product curve is rising the marginal physical product is ...
A budget is balance when expected total revenue is ...
Which of the following is NOT an objective of Economic planning? ...
In this diagram, So So is the original supply curve while S1 S1 represent? ...
Indicator of underdevelopment is ...
A fall in national output will necessitate ...
The additional revenue obtained by using one more unit of a factor is called its ...