Which of the Following Isn't a Reason Economists Use to Defend

question 231

Multiple Choice

Which of the following isn't a reason economists use to defend markets as distributive mechanisms?

• A) Markets are good for social welfare
• B) Markets promote freedom
• C) Limiting markets is the same thing as limiting free speech
• D) If we accept liberal neutrality, we cannot exclude free exchange of some good

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Definitions:

Controllable Costs

Expenses that a manager or business unit has the authority to influence or change, such as materials or labor.

Organizational Structure

The system of rules, roles, and responsibilities within an organization that outlines how activities are directed in order to achieve the organization's goals.

Payroll Clerk

A payroll clerk is a professional responsible for preparing and managing an organization's employee compensation, deductions, and records.

Cost Center Manager

An individual responsible for managing a section of a business that does not directly generate revenue, focusing on controlling costs.