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 above are correct.
Correct Answer:
Verified
Q203: The market system provides a way
A)to allow
Q204: According to the law of comparative advantage,
Q206: Which of the following is a good
Q207: Adam Smith noted that people are adept
Q209: Workers in Adam Smith's famous pin factory
Q211: The law of comparative advantage explains why
A)individuals
Q222: Probably the most important source of efficiency
Q223: The first economist to point out the
Q242: Adam Smith's book, one of the first
Q249: The total amount of consumption of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents