1.During the Oklahoma Land Rush of 1889, which role of prices would have been on display if not for the government’s mismanagement of this market? The rationing role which states that as prices rise, only those buyers most willing and able to pay would have gained the land they desired. The resource directly role which states that fluctuating prices signals seller where to allocate resources like land and capital. The information role that teaches us how rising prices conveys a message that prices were below equilibrium when the government conducted the land rush. The barter-elimination role of prices because the invisible hand would have led to a price above zero and an efficient market outcome. All the above.
1.During the Oklahoma Land Rush of 1889, which role of prices would have been on display if not for the government’s mismanagement of this market?
The rationing role which states that as prices rise, only those buyers most willing and able to pay would have gained the land they desired.
The resource directly role which states that fluctuating prices signals seller where to allocate resources like land and capital.
The information role that teaches us how rising prices conveys a message that prices were below equilibrium when the government conducted the land rush.
The barter-elimination role of prices because the invisible hand would have led to a price above zero and an
All the above.
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