Which of the following is most likely to be a shortcoming of a market economy?
A) Production of poor-quality goods
B) Inadequate capital for investment
C) Substantial inequality in the distribution of resources
D) Over-centralization and inflexibility
E) Severe oversupply or undersupply of desired goods
Correct Answer:
Verified
Q4: The gross domestic product is
A) the total
Q5: In which of the following ways can
Q6: In a market economy, the factors of
Q7: Adam Smith's concept of the "invisible hand"
Q8: In a command economy, the value of
Q10: Which of the following is most likely
Q11: In a mixed economy,
A) most key infrastructure
Q12: The use of tariffs and quotas is
A)
Q13: While competition in a market economy can
Q14: "Opportunity cost" refers to
A) what someone is
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