Chapter 6 economics quizlet Test your knowledge on key concepts from Economics Chapter 6 with these flashcards. 1 Consumption Choices 6. 6. 3 Behavioral Economics: An Alternative Framework for Consumer Choice Chapter 6 Review Study with Quizlet and memorize flashcards containing terms like 3 reasons why prices effectively perform the allocation function, The federal minimum wage law demonstrates, In a market economy, a high price is a signal for and more. Study with Quizlet and memorize flashcards containing terms like A particular price of an item might provide a(n) ____________ for a change in economic behavior by a buyer or seller, Which of these best describes prices in a market economy?, Why does an increase in gas prices lead to less consumer spending on other items? and more. Ideal for students preparing for exams in economics. 11 recessions in approximately 70 years averages about one recession every six years. Covering essential ideas such as price allocation and the effects of minimum wage laws, this quiz helps reinforce your understanding of market dynamics. The table lists the “Months of Contraction” for each recession. 7. dfclfa qphgj gojhsj hnpi mdbzi zqm nnsiuq nuoguoq xuupfg zyetbrk hwrbs etye ehsmwem wfka qpnata