Question

Because prices link all markets in the economy, economists think of prices as

O A) a system
O B) an economy
O C) a set of resources
O
D) a factor of production

Answer 1

A) a system

Step-by-step explanation:

In the end, prices do more than convey information to buyers and sellers in a market—they also help buyers and sellers allocate resources between markets. This is why economists think of prices as a “system”—part of an informational network—that links all markets in the economy.