With Respect to the Attainment of an Efficient Allocation of Resources,which

question 206

Multiple Choice

With respect to the attainment of an efficient allocation of resources,which of the following statements is correct?

• A)Markets are always a good way to organize economic activity.
• B)Markets are often a good way to organize economic activity.
• C)Markets are seldom a good way to organize economic activity.
• D)Markets are never a good way to organize economic activity.

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Definitions:

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Substitute Check Procedure

A legal process that allows banks to use digital images of checks for clearing and settlement instead of the original paper checks.

Fraudulently Alters

The illegal modification or change of a document, item, or product with the intention to deceive for personal gain.