The market mechanism benefits society by ensuring that ________.
A) more people will want to buy more BlackBerrys
B) society will maintain the current standard of living
C) resources are used to increase the benefits of low-value products
D) scarce resources are channeled into products most desired by society
E) raw materials and labor flow into the production of goods with lowest demand

Question

Quizplus · Accepted Answer

The market mechanism allows for the allocation of scarce resources to products that are in the highest demand or most desired by society. This ensures that resources are directed towards products that are more beneficial for society as a whole.

The Market Mechanism Benefits Society by Ensuring That ________