Question: What is meant by the expression getting prices right? Under what conditions will eliminating factor price distortions generate substantial new employment opportunities? (Be sure to

What is meant by the expression “getting prices right”? Under what conditions will eliminating factor price distortions generate substantial new employment opportunities? (Be sure to define factor price distortions.)

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Getting prices right is a term used in economics to denote the situation where prices accurately reflect the true scarcity value of resources This mea... View full answer

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