The market system is said to be efficient because it
A) takes fewer resources to work than any other system.
B) requires more labor than any other system.
C) determines the price.
D) allocates resources to who wants them.
E) creates fewer goods and services than other systems.
Correct Answer:
Verified
Q11: Even in the United States, not all
Q12: What incentives are created under a first
Q13: One reason governments pay so much for
Q14: Which of the following examples deals with
Q15: What incentives are created under a market
Q17: The market system results in
A) economic growth
B)
Q18: The market system may not be efficient
Q19: Which of the following exemplifies the market
Q20: For a free market to exist, economists
Q21: Which of the following is not constant
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