The major virtues of the market system include all of the following, except:
A) It promotes an efficient allocation of resources
B) It leads to equality in the distribution of income
C) It provides incentives for greater production and higher incomes
D) It emphasizes the freedom to pursue self-interest

Question

Quizplus · Accepted Answer

The market system does not necessarily lead to equality in the distribution of income. In fact, the market system tends to reward those who are more productive or have valuable skills, which can result in income inequality.

The Major Virtues of the Market System Include All of the Following