Advocates of an unregulated market system argue that
A) competition promotes efficiency.
B) competition leads to innovation.
C) competition leads to product variety and quality.
D) all of the above.
Correct Answer:
Verified
Q187: Which of the following statements is not
Q188: The amount that households have accumulated out
Q189: Production decisions are centralized in a(n)
A) laissez-faire
Q190: In a command economy, _ establish(es) what
Q191: Some economists advocate government intervention in a
Q193: The basic coordinating mechanism in a free-market
Q194: Which of the following statements is true
Q195: Which of the following is true of
Q196: In a laissez-faire economy
A) individual people and
Q197: Which of the following statements is false?
A)
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