Market economies tend to produce goods and services efficiently because:
A) profit incentives are a driving force behind business production decisions.
B) information required for production decisions passes directly between buyers and sellers via prices.
C) both of the above.
D) none of the above.
Correct Answer:
Verified
Q70: In a market system, income received by
Q71: In an economy based on individual decision
Q72: Which of the following statements about an
Q73: The strength of a market system is:
A)
Q74: In a market system:
A) profit and income
Q76: A drawback of the market system in
Q77: A weakness of a market system is:
A)
Q78: When a market system causes a problem
Q79: Cost-minimizing efforts by businesses that lead to
Q80: Market failure occurs when:
A) the price system
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