The "informal defence" of free markets includes the argument that markets
A) achieve the maximum feasible rate of economic growth.
B) lead to allocative efficiency.
C) lead to productive efficiency.
D) permit a centralization of economic power.
E) provide automatic coordination of the actions of decentralized decision makers.
Correct Answer:
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Q10: The "formal defence" of free markets includes
Q11: FIGURE 16- 1 Q12: The concept of "institution building" is becoming Q13: A free- market economy with perfect allocative Q14: An efficient level of provision of a Q16: All Canadian provincial governments have legislated minimum
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