Which of the Following Statements About Markets Is Most Accurate

question 87

Multiple Choice

Which of the following statements about markets is most accurate?

• A)Markets are usually a good way to organize economic activity.
• B)Markets are usually inferior to central planning as a way to organize economic activity.
• C)Markets fail and are therefore not an acceptable way to organize economic activity.
• D)Markets are a good way to organize economic activity in developed nations,but not in less developed nations.

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Definitions:

Motility

The ability of an organism or fluid to move spontaneously and actively, consuming energy in the process.

Self-Propulsion

The ability of an object or being to move or propel itself using its own power mechanism without external assistance.

Double Helix

The structure of DNA, consisting of two strands that wind around each other like a twisted ladder.

PKU

stands for Phenylketonuria, a genetic disorder resulting from the body's inability to process the amino acid phenylalanine, leading to its accumulation and potential brain damage.