Which of the following statements is true?
A)In a market system, costs and benefits are publicly posted by individual participants.
B)In a nonmarket system, individuals voluntarily sacrifice self-interest.
C)Only in a market system does greed play a motivational role.
D)It is easy to calculate costs and benefits in a market system.
E)Regardless of the economic system, it is difficult to measure all costs and benefits.

Question

Quizplus · Accepted Answer

Regardless of the economic system being used, it is always difficult to measure all the costs and benefits of a particular decision. This is because some costs and benefits can be subjective or hidden, and it can be hard to accurately quantify or measure them. Therefore, option E is the correct choice. Options A, B, and C are incorrect as they make broad, sweeping statements that are not necessarily true in every situation. Option D is also incorrect, as calculating costs and benefits in a market system can still be complicated and involve a lot of subjective judgment.

Which of the Following Statements Is True