Idea That Markets Work Efficiently

question 34

Multiple Choice

idea that markets work efficiently:

• A)refers to the fact that self-interest can be aligned with social interest.
• B)means that trade-offs can be reduced through channeling greed toward good ends.
• C)suggests that there is never any need for government regulation, taxes, or subsidies.
• D)has been known for many centuries.

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Definitions:

High Performance Risk

High Performance Risk refers to the potential for loss or adverse outcomes associated with products or services that are expected to perform at an advanced or superior level.

Attitudes

A psychological tendency reflected by the evaluation of a particular entity with some degree of favor or disfavor.

Medical Doctors

Professionals who are qualified and licensed to practice medicine and surgery to diagnose, treat, and prevent illnesses and injuries.

Attractive Source

In communication and marketing, a messenger who is appealing to the audience, thereby increasing the likelihood of message acceptance.