A market system (market economy) depends on the market to
A) find the most efficient way of using resources.
B) determine how large the budget deficit should be.
C) decide how much government regulation there should be.
D) provide minimum incomes for everyone.
E) All of the responses are correct.
Correct Answer:
Verified
Q219: Which of the following characteristics of a
Q220: What is the opportunity cost of economic
Q221: Employment discrimination is a source of
A)economic inefficiency.
B)increased
Q222: Probably the most important source of efficiency
Q223: The first economist to point out the
Q225: A market system solves the
A)"what" and "how"
Q226: An economist claims that any point not
Q227: As a general rule, an increase in
Q228: Figure 3-6 Q229: The most important way in which inefficiency
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