It Is True That the Distribution Process Carried Out by the Price

question 96

Multiple Choice

It is true that the distribution process carried out by the price system

• A)accomplishes the task more efficiently than central planners would.
• B)favors the rich.
• C)is superior to other rationing mechanisms because it is able to pay attention to individual consumer preferences.
• D)All of the above are true.

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Definitions:

Finite Number

A number that is countable and limited in value, as opposed to infinite numbers which have no end.

Infinitely

Without limit or end; extending beyond measure or comprehension.

Impossible

Refers to something that cannot be done or achieved within the existing conditions or limits.

Hasty Generalization

A logical fallacy where a conclusion is not logically justified by sufficient or unbiased evidence, typically involving conclusions drawn from an inadequate sample size.