Two major virtues of the market system are that it
A)allocates resources efficiently and allows economic freedom.
B)results in an equitable personal distribution of income and always maintains full employment.
C)results in price-level stability and a fair personal distribution of income.
D)eliminates discrimination and minimizes environmental pollution.

Question

Quizplus · Accepted Answer

The market system is praised for its ability to allocate resources efficiently, based on the forces of supply and demand, and for allowing individuals the freedom to make their own economic decisions, such as what to buy, sell, or produce.

Two Major Virtues of the Market System Are That It