Markets Are Advantageous Over Central Planning as Methods Ofresource Allocation

question 89

Multiple Choice

Markets are advantageous over central planning as methods ofresource allocation because:

• A)resources travel to their highest value uses.(True Answer )Correct
• B)resources are allocated equally across all uses.
• C)resources are distributed to those goods that have a larger number of substitutes.
• D)central planners have never been shown to correctly identify high value uses of products.

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Definitions:

Older Adult's Brain

Refers to the neurological changes and adaptations that occur in the brain as an individual ages, potentially affecting cognitive function, memory, and learning abilities.

Changes

Variations or alterations in state, form, or position, leading to a different condition.

Gerontology

The study of the aging process and the medical, psychological, and social issues that affect older adults.

Geriatrics

A branch of medicine focusing on health care for the elderly, dealing with diseases, disabilities, and problems specific to aging.