A Weakness of the Market System of Resource Allocation Is

question 32

Multiple Choice

A weakness of the market system of resource allocation is that

• A) such economies tend to be stagnant
• B) most participants in such an economy have low standards of living
• C) there are no limits on an individual's freedom of action
• D) it does not address the problem of initial inequities in endowments
• E) its participants are free to act according to their desires

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Definitions:

Posterior Cruciate Ligament

A ligament in the knee connecting the femur (thighbone) to the tibia (shinbone), crucial for stabilizing the knee and preventing it from moving backward.

Anterior Cruciate Ligament

A key ligament within the knee joint that connects the femur (thighbone) to the tibia (shinbone), critical for stabilizing the knee.

Medial Collateral Ligament

A major ligament located on the inner side of the knee, providing stability to the joint by preventing it from overextending inward.

Hyperextension

An excessive extension of a limb or joint beyond its normal range of motion, potentially resulting in injury.