Which of the Following Statements Is True About a Market

question 35

Multiple Choice

Which of the following statements is true about a market economy?

• A)With a large enough computer, central planners could guide production more efficiently than markets.
• B)Market participants act as if guided by an invisible hand to produce outcomes that maximise social welfare.
• C)The strength of a market system is that it tends to distribute resources evenly across consumers.
• D)Taxes help prices communicate costs and benefits to producers and consumers.

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Definitions:

Osseous Obstruction

A blockage or impediment within bone structures, often leading to reduced function or pain.

Eustachian Tube

A narrow tube that connects the middle ear to the throat, helping to maintain equal air pressure on both sides of the eardrum.

Otitis Media

An infection or inflammation of the middle ear, often resulting in ear pain, fever, and hearing problems.

Muffled Speech

Speech that is difficult to understand due to distortion or low volume, often a symptom of a medical condition or obstruction.