Excluded from the generally recognized limitations of the price system is its inability to
A) create an equitable distribution of income.
B) provide sufficient amounts of public goods.
C) allocate resources.
D) minimize external diseconomies.
E) produce adequate amounts of necessities consumed primarily by the poor.
Correct Answer:
Verified
Q1: Conservatives
A) argue that the government can do
Q3: According to conservatives,large elaborate government bureaucracies
A) constitute
Q4: Liberals
A) argue that the role of the
Q5: Goods that may be collectively consumed so
Q6: There appears to be some consensus that
Q7: Some economists,such as John Kenneth Galbraith,assert that
Q8: Public goods are generally financed by
A) user
Q9: A common argument against prices determined in
Q10: National defense is often cited as a
Q11: With which of the following statements would
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