Equity means that: Select one: a. everyone gets his or her fair share of the goods and services produced. b. everyone gets an efficient share of the goods and services produced. c. more of all goods and services may be produced. d. more of some goods and services can be produced only if the production of others is reduced.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.