The market economy is regarded as "eﬃcient" in that
A) it achieves the lowest rate of unemployment.
B) it leads to the lowest level of poverty in the society.
C) it directs resources toward products that the society wants most.
D) it puts the best people in government positions.

Question

Quizplus · Accepted Answer

The market economy allows consumers to express their desires through their purchasing decisions, which in turn directs resources toward the production of goods and services that are most demanded by society. This results in a higher degree of consumer satisfaction and overall efficiency in the allocation of resources. The other options are not necessarily true or directly related to the efficiency of the market economy.

The Market Economy Is Regarded as "Eﬃcient" in That