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.

A pivotal moment in American history occurred in 1889 when the U.S. government made roughly two…

Answered: During the Oklahoma Land Rush of 1889,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.

Definition Definition Degree to which financial markets incorporate all available information into the prices of assets. In a more efficient market, the prices reflect the available information more than that in a weak efficient market. It is difficult for investors to outperform the market in a strong efficient market. This is because all the available information is already discounted in the asset's price. However, in a weak-form efficiency, the market does not reflect all information in the asset's price. As a result, it becomes easier to generate better returns in a weak form or an inefficient market.

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