Do Markets Solve All of Society's Problems

question 28

Multiple Choice

Do markets solve all of society's problems?

• A)Yes, markets are efficient and work well under nearly all circumstances.
• B)Yes, markets solve the problems of production and distribution.
• C)No, they do not solve problems such as unemployment and inflation.
• D)No, they hardly solve any problems at all.
• E)Uncertain, economic theory has no answer to this question.

---

Definitions:

Peripheral Nervous

Part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Internal Environment

The conditions and processes occurring within an organism, keeping it stable despite external changes, also known as homeostasis.

Somatic Portion

Refers to the part of an organism's body that is not involved in reproduction, including cells that make up tissues, organs, and systems.

Peripheral Nervous

The portion of the nervous system lying outside the brain and spinal cord, which includes nerves branching off from the brainstem and spinal cord to the rest of the body.