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In market economies, resources are allocated through the?

Economics
JAMB 1985
In market economies, resources are allocated through the?
  • A. government authorities
  • B. price system
  • C. banking system
  • D. central planning bureau
  • E. revenue allocation formula
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Correct Answer: Option B
Explanation
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts