The market mechanism:
A) Is an inefficient means of communicating consumer wants to producers.
B) Relies on government control and planning.
C) Eliminates the market failures caused by government.
D) Relies on prices and sales to communicate consumer wants to producers.
Correct Answer:
Verified
Q69: Which of the following is an example
Q70: Government intervention designed to address market failure:
A)
Q71: Karl Marx wrote:
A) Das Kapital,which was used
Q72: If the market mechanism causes the economy
Q73: If government intervention fails to improve economic
Q75: Which of the following is NOT a
Q76: Which of the following statements is consistent
Q77: Market failure means:
A) Government solutions fail to
Q78: The essential feature of the market mechanism
Q79: The price of a good or service:
A)
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