Which of the Following Is Not Correct

question 515

Multiple Choice

Which of the following is not correct?

• A)Markets allocate scarce resources with the forces of supply and demand.
• B)The equilibrium of supply and demand is typically an efficient allocation of resources.
• C)Governments can sometimes improve market outcomes.
• D)Externalities cannot be positive.

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Definitions:

Red Seal Impressions

A method of stamping or sealing documents, artwork, or ceramics with a red pigment, symbolizing authenticity and importance.

Chinese Paintings

Traditional Chinese paintings involve techniques and styles unique to China, often emphasizing landscapes, figures, and calligraphy using brush and ink.

Artists and Owners

A concept reflecting the relationship and dynamics between the creators of artworks and those who possess them, highlighting issues of authorship, ownership, and rights.

Ming Court Painter

An artist employed during the Ming Dynasty in China, typically tasked with creating artwork for the imperial court and its officials.