Given income and resource constraints,the market mechanism typically arrives at the _______ outcome.

Question

Quizplus · Accepted Answer

The market mechanism works within the constraints of income and resources to arrive at the optimal outcome. This means that the market will allocate resources and distribute goods and services in the most efficient way possible, given the available resources and consumer demands. Perfect outcomes are rare in the real world and government determination can lead to inefficiencies and unintended consequences. Disequilibrium occurs when the market is not in balance, but this is a temporary condition that the market strives to correct. Therefore, the optimal outcome is the best choice.

Given Income and Resource Constraints,the Market Mechanism Typically Arrives at the _______