Which of the Following Is the Best Statement About Markets

question 142

Multiple Choice

Which of the following is the best statement about markets?

• A)markets are usually a good way to organise economic activity
• B)markets are usually inferior to central planning as a way to organise economic activity
• C)markets are flawed and are therefore not an acceptable way to organise economic activity
• D)markets are a good way to organise economic activity in developed nations, but not in less-developed nations

---

Definitions:

Formula

A set of symbols that express a mathematical or chemical principle.

SUBSTITUTE

A function in many programming and spreadsheet applications that replaces instances of a specified character or string within a text string with another character or string.

Text

Written or printed words that convey information or ideas.

Formula

In computing, an expression that calculates the value of some output based on one or more inputs, commonly used in spreadsheets and mathematical software.