A weakness of a market system is:
A) it generates products that consumers do not want.
B) it generates low quality products when there are competing producers.
C) it does not encourage people to develop skills that allow them to be successful.
D) the incentive to produce at minimum cost could lead to environmental damage.
Correct Answer:
Verified
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
Q75: Market economies tend to produce goods and
Q76: A drawback of the market system in
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
Q81: Market failure occurs when:
A) a small number
Q82: Which of the following is an example
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