Which of the Following Is True

question 8

Multiple Choice

Which of the following is true?

• A)Successful firms have lower transactions costs than markets do
• B)A legal system that protects ownership rights is critical to the efficient functioning of firms and markets
• C)Markets measure and reward performance
• D)Markets allocate resources to their highest value use
• E)All of the choices

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Definitions:

Involuntary Commitment

The legal process through which individuals with severe mental health issues are placed into treatment facilities without their consent when they pose a risk to themselves or others.

Cognitive Therapy

A form of psychotherapy that emphasizes the role of thought patterns and beliefs in influencing behavior, aiming to change negative thinking patterns to improve emotional state and behavior.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting apprehension about future events.

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, which is a guide used by healthcare professionals to diagnose mental disorders.