When there are market externalities, the market allocation of resources will be optimal.
Correct Answer:
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Q6: In a market economy, society relies on
Q7: Private property rights:
A) are essential elements of
Q8: In a market economy:
A) government owns the
Q9: Governments establish the laws that regulate the
Q10: Which of the following is not a
Q12: Membership in the Group of Seven consists
Q13: McDonald's Corporation lost a battle to keep
Q14: Feudalism and mercantilism relied on markets to
Q15: Markets coordinate economic activity through:
A) the price
Q16: Market economies are based on:
A) private property
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