A. ensure that producers’ profits remain high
B. guarantee full employment of resources
C. allocate resources to most productive uses
D. protect the economic interests of government
Correct Answer:
Option B – guarantee full employment of resources
Explanation
The distribution of scarce resources among competing producers is one of the main functions of price mechanism. Those indusÂtries which can offer the highest prices for the factors of production are able to attract supplies.
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