ECON 102 Quiz 3

ECON 102 Quiz 3

Author: Dannie Young

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Part 1 of 1 -

100.0/ 100.0 Points

Question 1 of 10

10.0/ 10.0 Points

Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity?
A.The price system works silently in the background.

B.Prices can be slow to adjust.

C.Prices may be flexible.

D.all of the above


Question 2 of 10

10.0/ 10.0 Points

If prices are sticky
A.economic activity will be coordinated efficiently.

B.economic activity will not be coordinated efficiently.

C.prices will quickly adjust to changes in demand.

D.quantity supplied will always equal quantity demand.


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