The "Informal Defence" of Free Markets Includes the Argument That

question 36

Multiple Choice

The "informal defence" of free markets includes the argument that markets

• A)provide automatic coordination of the actions of decentralized decision makers.
• B)achieve the maximum feasible rate of economic growth.
• C)lead to allocative efficiency.
• D)permit a centralization of economic power.
• E)lead to productive efficiency.

Comprehend the legal recourse available for disputes related to urban planning and building permits.

Analyze the willingness of people to comply with court decisions versus mediated agreements.

Understand the legal implications and possible actions when local governments use their powers to regulate businesses.

Recognize the increasing prevalence and significance of contracts requiring arbitration.

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