Which of the Following Statements Is False

question 186

Multiple Choice

Which of the following statements is false?

• A) In a free-market system, the basic economic questions are answered without the help of a central government plan or directive.
• B) Individuals guided by their own self-interest will produce products and services that other people want.
• C) The basic coordinating mechanism in a free-market system is quantity adjustments toward equilibrium.
• D) In a free-market system, competition forces firms to adopt efficient production techniques.

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