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LUOA Economics Exam Questions and Answers All Correct
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...
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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...
NR547 Final Exam ACTUAL EXAM TEST BANK 200+ QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS)|AGRADE