For private goods allocated in markets, a) prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. b) prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources. c) government guides the decisions of buyers and sellers and these decisions lead to an efficient the allocation of resources. d) the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 16PAE
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Which of the following is not part of the definition of internal control?
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For private goods allocated in markets,
J
Ĉ
a) prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of
resources.
b) prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of
resources.
c) the government guides the decisions of buyers and sellers and these decisions lead to an efficient
allocation of resources.
d) the government guides the decisions of buyers and sellers and these decisions lead to an inefficient
allocation of resources.
Transcribed Image Text:Which of the following is not part of the definition of internal control? Show Transcribed Text For private goods allocated in markets, J Ĉ a) prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. b) prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources. c) the government guides the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. d) the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources.
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