Do markets solve all of society's problems?
A)Yes, markets are efficient and work well under nearly all circumstances.
B)Yes, markets solve the problems of production and distribution.
C)No, they do not solve problems such as unemployment and inflation.
D)No, they hardly solve any problems at all.
E)Uncertain, economic theory has no answer to this question.

Question

Quizplus · Accepted Answer

Markets are not necessarily equipped to handle issues like unemployment and inflation, which require policy and intervention from governments and central banks. While markets can affect these issues, they cannot solve them entirely.

Do Markets Solve All of Society's Problems