When a market system causes a problem or cannot achieve a goal set by society there is:
A) mercantilism.
B) market failure.
C) market socialism.
D) no alternative but to go to a purely planned economy.
Correct Answer:
Verified
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
Q77: A weakness of a market system is:
A)
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
Q83: An example of government intervention in input
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