Which of the Following Statements About the Way Markets Allocate

question 132

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.

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Definitions:

CPAP

Continuous Positive Airway Pressure, a treatment often used for individuals with obstructive sleep apnea that uses mild air pressure to keep the airways open during sleep.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, which can lead to disrupted sleep and other health complications.

Overweight

A condition characterized by having more body weight than what is considered healthy for a certain height, often measured by body mass index (BMI).

Narcolepsy

A chronic sleep disorder marked by overwhelming daytime drowsiness and sudden attacks of sleep.