Markets are advantageous over central planning as methods ofresource allocation because:
A)resources travel to their highest value uses.(True Answer )Correct
B)resources are allocated equally across all uses.
C)resources are distributed to those goods that have a larger number of substitutes.
D)central planners have never been shown to correctly identify high value uses of products.

Question

Quizplus · Accepted Answer

Markets are advantageous over central planning because resources are free to move to their highest value uses, which leads to more efficient allocation and production of goods and services. This helps to maximize societal welfare and consumer satisfaction.

Markets Are Advantageous Over Central Planning as Methods Ofresource Allocation