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.

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Definitions:

Brittle Conditions

Scenarios in which rocks fracture or break apart rather than deform plastically when subjected to stress, typically occurring at shallower depths.

Relatively Shallow

Describes an area, feature, or process that occurs at a minor depth beneath the surface or water.

Fracturing

The breaking or splitting of rocks due to physical forces, without the material undergoing a significant change in chemical composition or texture.

Shearing

The process of stress on rock or soil that causes layers or parts to slide past each other in opposite directions.