Solved

Which of the Following Statements Is True

Question 182

Multiple Choice

Which of the following statements is true?


A) Markets respond to consumer preferences, whereas government responds only to societal preferences.
B) Markets keep costs low because producers desire to please people regardless of cost.
C) Government keeps costs low because it has a moral obligation to voters.
D) It is safe to assume that government will do what is best for society, whereas markets do what is best for business owners.
E) The lack of the profit motive encourages supervisors in government agencies to make decisions concerning employees on the basis of issues other than merit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents