JAMB Economics 2012 Objective — Question 20
Question 20 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
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An important function of the price system is to
- A. ensure that producer's profits remain high
- B. guarantee full employment of resources
- C. allocate resources to most productive usesCorrect
- D. protect the economic interests of government
Explanation
Resources is best allocated by the price system.
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