It Is True That the Distribution Process Carried Out by the Price

question 96

Multiple Choice

It is true that the distribution process carried out by the price system

• A)accomplishes the task more efficiently than central planners would.
• B)favors the rich.
• C)is superior to other rationing mechanisms because it is able to pay attention to individual consumer preferences.
• D)All of the above are true.

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Definitions:

Approaches to Studying

Various methods or strategies used by individuals to learn and understand new information effectively.

Control

The process of regulating organizational activities to make them consistent with the expectations established in plans, targets, and standards of performance.

Centralization of Power

The concentration of authority and decision-making autonomy in a small group or a central location within an organization or system.

20th Century

The period from January 1, 1901, to December 31, 2000, marked by significant global changes, including scientific advancements and two world wars.