Briefly describe the role of prices in market economies

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1. At local industry , the safety department contains eight safety jackets numbered 1 to 8, six moonwalk shoes numbered 1 to 6, and ten gloves numbered 1 to 10. what is the probability of obtaining a jacket numbered 5? Of obtaining a jacket? Obtaining any safety apparel numbered 5?

2. Identify several quality metrics, in addition to those identified earlier, that you can think Alaska tracks or should be tracking.

3. Briefly describe the role of prices in market economies. 250 WORDS

4. Give an example of a price ceiling and a price floor. Do these 2 examples do more good than harm? Support your answer. 250 WORDS.

Reference no: EM132121888

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