Which of the Following Statements About the Way Markets Allocate

question 120

Multiple Choice

Which of the following statements about the way markets allocate resources is most accurate from society's perspective?

• A)The market always allocates resources in the best way.
• B)The market may allocate resources in a way that is not in society's best interest.
• C)Resource allocation by markets may not be perfect,but it is always better than government allocation of resources.
• D)Markets always fail to allocate resources properly,so we must rely on the government to determine the proper use of our resources.

---

Definitions:

Convert Technique

A method or approach used to change someone's beliefs, behavior, or perception towards a product, idea, or another entity.

Postpone

The action of delaying or deferring an event or arrangement to a later time.

Prospect's Objection

The concerns or hesitations expressed by potential customers or clients during the sales process, which need to be addressed by the seller to successfully close a sale.

Showing a Diagram

The act of presenting a graphical representation of information to visualize concepts, data, or processes.