Why is the market system not universally relied on to allocate goods and services?
A) Government wants to impose its preferences.
B) People do not like the outcome.
C) The market simply cannot function.
D) The market system is not always the most efficient allocation mechanism.
E) All of these.
Correct Answer:
Verified
Q1: What incentives are created under a random
Q2: The efficiency of an economic system is
Q4: When economists say that people are self-interested,
Q5: In the long run, under which allocation
Q6: Even in the United States, not all
Q7: Which of the following is not an
Q8: Which of the following mechanisms is unfair?
A)
Q9: _ is an example of an allocation
Q10: What incentives are created under a government
Q11: Even in the United States, not all
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