LUOA Economics Study guides, Class notes & Summaries

LUOA Economics Exam Questions and Answers All Correct List the three main functions of the price system. - Answer-1. Transit information 2. Incentivize 3. Determine Income Distribution Choose one price system function from your list and elaborate on its characteristics as a price-system signal, or as part of the price system. - Answer-Transferring information is when the price system send out needed/important information to consumers and producers about the best way to sell and distri...

LUOA Economics Exam Questions and Answers All Correct List the three main functions of the price system. - Answer-1. Transit information 2. Incentivize 3. Determine Income Distribution Choose one price system function from your list and elaborate on its characteristics as a price-system signal, or as part of the price system. - Answer-Transferring information is when the price system send out needed/important information to consumers and producers about the best way to sell and distrib...

LUOA Economics Exam Questions and Answers All Correct List the three main functions of the price system. - Answer-1. Transit information 2. Incentivize 3. Determine Income Distribution Choose one price system function from your list and elaborate on its characteristics as a price-system signal, or as part of the price system. - Answer-Transferring information is when the price system send out needed/important information to consumers and producers about the best way to sell and distri...