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:

Odds

A measure of the likelihood of an event occurring, typically expressed as the ratio of the event to the non-event.

Primate Exhibit

A display or enclosure in zoos or museums designed to house primates in an environment that mimics their natural habitat as closely as possible.

Odds

The ratio of the probability of an event occurring to the probability of it not occurring.

Stay-At-Home Mothers

Women who choose to not participate in the labor force in order to stay home and take care of their children.